The present value (PV) of an annuity of P equal periodic payments for n years at r% is given by:

where

is the <span>present value of an annuity factor for n years at r%.
Given that </span>a<span>
company borrowed $40,000 cash from the bank and signed a 6-year note at
7% annual interest and that the present value of an annuity factor for 6 years
at 7% is 4.7665.
Then

Therefore, </span><span>the annual annuity payments equals $8,391.90</span>
Answer:
These kind of fees that are deducted for advertising and other sales expenses directly from the fund rather than billing investors is known as 12 B-1 charges.
Explanation:
This is a fee assessed from a mutual fund to it's investors. The managers instead of charging or billing the investors, deduct certain amount directly from the fund itself. This is a type of annual marketing and distribution fee considered as operational expense and is included in a fund's expense ratio.
Answer:
How is providing customer information to a law firm different than providing email addresses and symptoms to a pharmaceutical company?
Both are live saving professions, every detailed of their clients must be well documented in order to get the best services as far as life is concerned. A law firm must be sure of every details submitted in order to tackle anything that might affect such clients in court of law while a client must provide a detailed information as regards his/her health in order to get the right prescription for health service
Explanation:
Hey there!
The correct answer to this is D. Try to remove the obstacle that's blocking the goal. By doing so, we can create a positive change in our life :)
Thanks! :D