The future value for annuity is $3030.
<h3>What is future value of an annuity?</h3>
The worth of a series of recurrent payments at a specific future date, assuming a specific rate of return, and discount rate, is the future value of the annuity. The future value of the annuity increases with the discount rate.
Some key features of future value of annuity are-
- A approach to determine how much money a stream of payments will be worth at some future date is to determine future value of an annuity.
- A present value of an annuity, on the other hand, calculates how much cash will be needed to provide a series of future payments.
- Payments are made in a typical annuity at the conclusion of each predetermined time frame.
- Payments are made at the start of each period in an annuity payable.
The formula for future value of annuity are-
F.V = P×
F.V = future value of annuity
P = Initial deposit; $1,000
r = rate of interest; 10%
Substitute the given values in the formula;
F.V = 1,000×
= 1,000×3.03
F.V = 3030
Therefore, the future value of the annuity of the deposited amount of $1,000 is $3030.
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Answer:
d. Debra will prevail, as Ted is bound to the contract
Explanation:
Options are <em>"a. Ted will prevail because Debra was a minor when the contract was formed b. the contract is illegal c. the contract is void d. Debra will prevail, as Ted is bound to the contract"</em>
The general rule is that a minor can enter into any contract an adult can, provided that the contract is not one prohibited by law for minors such as the sale of alcoholic beverages or tobacco. Debra is a minor (below age of 18) and she can honor the contract or make it Void. Since she did not make it Void the contract, Ted is bound to the contract as per the Contract Act. So, Debra can recover because Ted was bound to the agreement. Hence, the correct answer is <u>Debra will prevail, as Ted is bound to the contract</u>.
Answer:
(B) A reduction in risk
Explanation:
Diversification is necessary for investing. In this case, you invest your capital in different investments and you do not need to rely on a single investment for your returns and this also helps to reduce capital lost. Among saving your capital and receiving returns, reduction of capital loss is the primary benefit of diversification. If you invest your capital in one investment and the return is low or there is a poor performance, another investment might generate high returns over the same period of time and your capital loss is reduced.
The correct answer is this one: "how much private-label sales added to the company's pretax profits, assuming that the company's margins on branded Footwear were sufficient to cover all administrative expenses and all interest costs," that is how <span>the sizes of a company's margins over direct costs should be viewed as.</span>
answer
Resort hotels cater primarily to leisure travelers. The rack rate refers to the lowest price a hotel will charge for a room. Usually, the better the hotel's location, the higher the price.
