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
Arlecino [84]
3 years ago
6

What's the future value of a 12%, 5-year ordinary annuity that pays $800 each year? Round your answer to the nearest cent. $ If

this was an annuity due, what would its future value be? Round your answer to the nearest cent. $
Business
1 answer:
seraphim [82]3 years ago
7 0

Answer:

The Future value of annuity due of $800 per year at 12% for 5 years is $5,692.15

Explanation:

Annuity payment = P = $800 per year

Number of years = n = 5 years

Interest rate = r = 12% = 0.12

Use following formula to calulate the Future value of Annuity due.

Future value of annuity = ( 1+r) x P [((1+r)^n - 1) / r]

Future value of annuity = ( 1+0.12) x 800 [((1+0.12)^5 - 1) / 0.12]

Future value of annuity = $5,692.15

So,The Future value of annuity due of $800 per year at 12% for 5 years is $5,692.15

You might be interested in
Cathy's Coaster Company uses cork in all of the protective drink coasters that it manufactures. If Cathy's enters into an agreem
alexandr1967 [171]

Answer:

a requirements contract.

Explanation:

A requirements contract is made between a company and one of its suppliers or vendors. In that contract, the supplier or vendor agrees to supply a certain amount of goods or services that the company requires, in exchange the company will only purchase the goods or services from that specific supplier or vendor.

8 0
3 years ago
The static budget, at the beginning of the month, for Beacon Banner Company follows:
olasank [31]

Answer:

D. $3885 U

Explanation:

7 0
3 years ago
If the commercial is TRUE that every additional bite of food tastes as good as the first, the marginal utility from consuming mo
zlopas [31]

Answer: If the commercial is TRUE that every additional bite of food tastes as good as the first, the marginal utility from consuming more of the advertised product must be CONSTANT. Option D.

Explanation:

Marginal utility is the additional satisfaction an individual gets, from consuming an additional unit of a product or service.

Therefore, in the scenario given above, if every additional bite of food tastes as good as the first, then the additional satisfaction is just as good as the preceding satisfaction. We can therefore say that the marginal utility gotten from consuming that product is constant.

4 0
3 years ago
Shirley Riddle earns ​$2 comma 327 biweekly. She is single and claims no withholding allowances. She saves​ 2% of her salary for
Paha777 [63]

Answer:

Shirley receive 2,126.16 dollars for each pay period.

Explanation:

the saving are considered part of his net earnings. The employeer gives a certain amount and from there, Shirley makes a save.

gross pay:                   2,327

insurance premium         22.82

Socal Security (6.2%)     144.274

medicare         (1.45%)      33.7415

Total deductions           200.8355‬

Net pay:                    2,126.1645‬    ≈ <em>2,126.16</em>

8 0
2 years ago
Many organizations are concerned about the rising cost of employee benefits and question their value to the organization and to
-Dominant- [34]

Explanation:

The benefits that organizations offer their employees are essential to add value to the job function. Through them, it is possible for the organization to attract and retain qualified employees, in addition to creating a favorable and positive organizational environment for the development of professional skills. The benefits help to motivate the employee and improve the perception and appreciation of their position and the company.

The benefits that most add value to employees are health and retirement plans, in addition to dental plans, paid vacations, etc. These benefits are not mandatory for the employer, but they are great differentials in differentiating jobs in the view of individuals.

5 0
2 years ago
Other questions:
  • (8 points) Portland and Aleland are two identical countries. Beer manufacturers in each country compete under monopolistic compe
    10·1 answer
  • Assume a nation’s economy is operating above full employment. if business taxes increase, how will output, employment, and price
    5·1 answer
  • Why is it important to budget some money for entertainment?
    15·2 answers
  • On November​ 30, Janoch's Dog Kennel purchased $ 600 of merchandise on account from the Ganster Company. The goods were shipped
    12·1 answer
  • _____ can be both an advantage and a disadvantage of universal life insurance.
    9·1 answer
  • A reconciliation of pretax financial statement income to taxable income is shown below for Shaw-Anderson Industries for the year
    5·1 answer
  • Suppose that France and Germany both produce fish and olives. France's opportunity cost of producing a crate of olives is 4 poun
    15·1 answer
  • When the issuer proposes to call bonds at the call price plus the interest payments that were not received which are inflation a
    10·1 answer
  • Assume year 1 is 2019 and by the beginning of year 4, the Sanchezes have paid down the principal amount of the loan to $500,000.
    7·1 answer
  • Which figure (amount) should be larger?<br> A. Expenses<br> B. income<br> C. Extras<br> D. Needs
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!