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Free_Kalibri [48]
3 years ago
6

Your uncle is about to retire, and he wants to buy an annuity that will provide him with $75,000 of income a year for 20 years,

with the first payment coming immediately at the beginning of the month. The going rate on such annuities is 5.25%. How much would it cost him to buy the annuity today? Round to the nearest dollar.
Business
1 answer:
kolezko [41]3 years ago
8 0

Answer:

It cost $915,166.69

Explanation:

R=75,000

i=j/m, j=0.0525, m=1 - annually

i=0.0525

n=mt

n=20

An=R[1-(1+i)^-n] : i

An=(75,000x[1-(1+0.0525)^-20]) : 0.0525

An=$ 915,166.69

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What is one drawback shared by both monopolies and oligopolies?
garik1379 [7]

Answer:A.They can harm consumers by fixing prices.

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3 years ago
Performing quality assurance is a subprocess of the _____ process of project quality management. a. initiating b. monitoring and
puteri [66]

Answer:

d. executing

Explanation:

Quality Management in Project Management implies the elaboration of a quality plan for the creation of the product, taking into account the scope of the project and the requirements of the interested parties.

This area has three processes, as exposed in the PMBOK Guide prepared by the Project Management Institute (PMI):

Quality management planning

Carrying out quality assurance

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Quality management planning is placed in the group of planning processes; quality assurance is placed in the execution process group; and quality control is in the group of monitoring and control processes.

The Quality Management deliverables are as follows: quality management plan, process improvement plan, quality metrics, quality checklists, quality control measures, validated changes, and verified deliverables

7 0
3 years ago
If luke can bake bread at a lower opportunity cost than jason, and jason can produce paintings at a lower opportunity cost than
ankoles [38]

Answer:

The correct answer is option d.

Explanation:

Comparative advantage refers to the situation where an individual, firm or nation can produce a good at a relatively lower cost than its competitors.

Luke can bake bread at a relatively lower opportunity cost while Jason can produce paintings at a relatively lower opportunity cost.

This implies that Luke has a comparative advantage in baking bread and Jason has a comparative advantage in making paintings.

Luke specializes in baking bread and Jason specializes in making paintings.

8 0
3 years ago
Bioclean Co., a merchandiser, sells a biodegradable cleaning product and has predicted the following sales for the first four mo
Zanzabum

Answer:

2,060 units

Explanation:

As we know thestock policy of the firm is the ending inventory for each month should be the 30 % of the next month's sales

In the case of february, following this policy:

  • Starting inventory: is the same of ending inventory of the previous month: 0,3*2,000 (February´s sales) units= 600 units.
  • Ending inventory= 0,3*2,200 (March´s sales) units= 660 units

Also, Ending Inventory (EI) is the result of the sum of Starting Inventory (SI) and  February Purchases (P) minus February Sales (S)

  • EI= SI+P-S

We want to know P ( units Purchased), so:

P= EI-SI+S= 660-600+2,000=2060 units

8 0
3 years ago
Kris wants to start using a new software he feels would help complete the project faster. However, his team is concerned it's to
katrin2010 [14]

Kris should adjust in accordance with the cooperative decision being taken by his team concerning the usage of new software.

<h3>What is software?</h3>

Software is an application that instructs and implements tasks in a quicker and easier way through the computer or laptop.

According to the situation, the usage of new software would make the completion of the project on time as suggested by Kris. But his team thought that the training for using that software would be very costly to the firm and also become too risky for the project.

Therefore, the mutual decision taken by him and his team would be the ideal solution for completing the project on time.

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4 0
1 year ago
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