1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Anon25 [30]
3 years ago
13

Find the present value pv of the given investment. an investment earns 2% per year and is worth $40,000 after 8 years.

Business
1 answer:
LuckyWell [14K]3 years ago
5 0
First use the formula of the future value of an annuity ordinary to find the yearly payments
Fv=pmt [(1+r)^(n)-1)÷r]
Fv future value 40000
PMT yearly payment?
R interest rate 0.02
N time 8 years
Solve the formula for PMT
PMT=Fv÷[(1+r)^(n)-1)÷r]
PMT=40,000÷(((1+0.02)^(8)−1)
÷(0.02))
=4,660.39

Now use the formula of the present value of an annuity ordinary to find the present value
Pv=pmt [(1-(1+r)^(-n))÷r]
PV present value?
PMT yearly payments 4660.39
R interest rate 0.02
N time 8 years
Pv=4,660.39×((1−(1+0.02)^(−8))÷(0.02))
pv=34,139.60. ....answer
You might be interested in
When the tasks and authority associated with various positions in the organization are clearly specified, it creates a scenario
nydimaria [60]

Answer:

A) employees are held strictly accountable for their actions.

Explanation:

When tasks are given specifically as well as authority to various positions, persons holding those positions will be held accountable for inquiries or issues that may arise from those specific positions. For example, a bread factory has a unit headed my John who is in charge of creative the bread tag, if the tag is done wrongly, or is being delayed, the management instantly knows who to question.

6 0
3 years ago
Read 2 more answers
Choose as many answers as apply.
finlep [7]
2, 3, and 4, make the most sense to me. I'm not completely sure about 4, but I'm confident about the other two :)
8 0
3 years ago
Read 2 more answers
Jonathan's company has been operating under restrictions placed by the state government. His company now has to issue public sta
Natasha2012 [34]

Answer: direct and indirect

Explanation:

Right on Plato

5 0
3 years ago
True or False: A tax cut is less likely to change the composition of labor demand than a government spending increase.
MA_775_DIABLO [31]

Answer:

True

Explanation:

This is the case because tax cuts and government spending are instruments that could be used in expansionary fiscal policy.

Note that reduced taxes usually have a direct impact on the disposable income of a economy not the composition of labor demand. Tax cuts leads directly to consumption and savings increase, resulting from increase in disposable income in the economy.

5 0
2 years ago
The local newspaper receives several complaints per day about typographic errors. Overa seven-day period, the publisher has rece
jenyasd209 [6]

Answer:E

Explanation:

X bar chart is typically combined with R chart to monitor process variables. If the variables isn't under control, then control limits might be too general, which means that causes of variation that are affecting the process mean can't be pin pointed.

5 0
3 years ago
Other questions:
  • Two insulation thickness alternatives have been proposed for a process steam line subject to severe weather conditions. One alte
    5·1 answer
  • Jackson manages an upscale French restaurant in the Washington, DC, area. His restaurant offers a few specials each evening in a
    15·1 answer
  • Raymond owns an Accidental Death and Dismemberment Policy with a principal sum of $50,000, and a capital sum of $25,000. After o
    5·1 answer
  • Which three report charts show how many Leads are in the Marketing pipeline based on Lead Status and what percent each Lead Stat
    9·1 answer
  • Because successive units of a good produce less and less additional satisfaction, the price must fall to encourage a buyer to pu
    13·1 answer
  • On July 1, Aloha Co. exercises a call option that requires Aloha to pay $408,000 for its outstanding bonds that have a carrying
    5·1 answer
  • Craigmont Company's direct materials costs are $4,200,000, its direct labor costs total $8,080,000, and its factory overhead cos
    9·1 answer
  • Which technology will a business use to identify unauthorized access to intranet sites or files by its employees?
    13·2 answers
  • When channel members are linked by legal agreements that specify each member's rights and responsibilities, ____ exists.
    12·1 answer
  • Sally hires a maid to work in her home for $280 per month. The maid is 25 years old and not related to Sally. During 2019, the m
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!