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
SKRAM Corporation is appealing directly to the shareholders of IDNIC Corporation to acquire shares of IDNIC stock. This appeal i
soldi70 [24.7K]

Answer:

A hostile takeover with IDNIC corporation as the target company.

Explanation:

Since SKRAM is appealing directly to shareholders of IDNIC to acquire stocks of IDNIC corporation, it means they have a target of getting them to have a certain percentage of ownership in IDNIC because owning a stock in a company means having a percentage of ownership in that company.

This kind of appeal can be likened to trying to an aggressive push to make the shareholders take over the IDNIC corporation.

5 0
3 years ago
One reason why the average salary of Major League Baseball players is higher than the average salary of college professors is th
alexdok [17]

Answer:

the marginal revenue product of baseball players is greater than the marginal revenue product of college professors.

Explanation:

Baseball players are responsible for a baseball teams' revenues, and they add up billions of dollars per year. For example, Max Scherzer sells jerseys, caps and other merchandise for millions of dollars, and his team winning the World Series this year increases the team's revenue greatly. Sometimes even without winning a championship some players still generate lots of revenue.

An individual's salary should be proportional to the revenue that they generate. Colleges have huge amounts of revenue, and college professors are responsible for a large portion of it.

The problem hear is that there are a lot of college professors and assistants, and the revenue must be split between many people. For example, Harvard University's revenue is about $5.5 billion per year, but it has over 16,000 employees (including about 2,400 professors).

7 0
3 years ago
Based on what you see in the employee complaint log, what type of culture has HydroHealth been exhibiting? Servant? Equity? Clan
Butoxors [25]

Based on the record of employee complaints, it is correct to say that the HydroHealth company is exhibiting the market culture.

<h3 /><h3>What is market culture?</h3>

It corresponds to an organizational culture based on competitiveness in the internal and external environment, that is, competitiveness is also encouraged among employees, being a more aggressive model of culture.

Therefore, the market culture can generate some disadvantages, such as increased employee turnover and task overload, increasing conflicts and negatively impacting the perception of work.

Find out more about organizational culture here:

brainly.com/question/26965722

3 0
2 years ago
Suppose the central bank implements expansionary monetary policy where the money supply increases. Which of the following will t
natka813 [3]

Answer:

D they both will increase

Explanation:

Goodluck on that.

4 0
2 years ago
Ford Motor Corporation is considering purchasing new technology that will increase productivity by twenty percent. If Ford Motor
Alborosie

Answer:

E. The demand for loanable funds increases.

5 0
3 years ago
Other questions:
  • Zion Manufacturing had always made its components in-house.
    8·1 answer
  • If 75 percent of the employees of a certain company take a winter vacation, 40 percent take a winter and a summer vacation, and
    12·1 answer
  • "for which service characteristic do marketers need to pay close attention to fluctuations in​ demand?"
    6·1 answer
  • What causes unemployment post-keynesianism?
    13·1 answer
  • Cicchetti Corporation uses customers served as its measure of activity. The following report compares the planning budget to the
    10·1 answer
  • Risks of having a checking account
    7·1 answer
  • If the U.S. dollar becomes weaker in international markets, the net effects will include an increase in both short run aggregate
    14·1 answer
  • Contribution Margin Variance, Contribution Margin Volume Variance, Market Share Variance, Market Size Variance Sulert, Inc., pro
    10·1 answer
  • Roger works as a sales manager for Hi-Tech Solutions, a company that performs software consulting services. While working for Hi
    5·1 answer
  • if a firm is operating at the point of tangency between an isoquant and an isocost line, its production is:
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!