Answer:
PV= $216,935
Explanation:
Giving the following information:
Suppose a 65-year-old person wants to purchase an annuity from an insurance company that would pay $20,900 per year until the end of that person’s life. The insurance company expects this person to live for 15 more.
First, we need to find the final value of the annuity.
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {20,900*[(1.05^15)-1]}/0.05= 450,992
Now, we can find the present value.
PV= FV/ (1+i)^n= 450,992/1.05^15= $216,935
Answer:
18.36%
Explanation:
Calculation for the return on the investment?
Using this formula
Return on investment = Net profit/Cost of Investment
The first step is to find the net profit using this formula
Net profit =( Sales amount +Dividend)-Dividend Stock Fund Investment
Let plug in the formula
Net profit = ($68 + $0.65) - $58 =
Net profit= $68.65-$58
Net profit= $10.65
Now let calculate the return on investment
Using this formula
Return on investment = Net profit/Cost of Investment
Let plug in the formula
Return on investment=$10.65/58
Return on investment= 18.36%
Therefore the return on the investment will be 18.36%
Answer: When the Age Discrimination in Employment Act is being applied, the substantially younger test generally says that the younger employee must be at least ten years younger than the terminated employee claiming discrimination.
Explanation: The Federal Government has set an age limit on how far apart the age needs to be to claim there is discrimination happening. They have also set an age limit to claim that an individual is being discriminated by their age and that is 40 years old.
Answer:
$322,000
Explanation:
For computing the book value at the beginning of the third year first we have to determine the depreciation expense using the straight-line method which is shown below:
= (Original cost of equipment - expected salvage value) ÷ (estimated life)
= ($490,000 - $70,000) ÷ (5 years)
= ($20,000) ÷ (5 years)
= $84,000
In this method, the depreciation is same for all the remaining useful life
For two years, the accumulated depreciation is
= $84,000 × 2
= $168,000
So, the book value is
= $490,000 - $168,000
= $322,000
This is the answer but the same is not provided in the given options
Answer:
economics a situation in which the market demand for a commodity is greater than its market supply, thus causing its market price to rise.
Explanation:
this is the definition. hope this helps.
