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liubo4ka [24]
3 years ago
12

What is the present value of $900 annuity payment over 6 years if interest rates are 10%

Business
1 answer:
Rudik [331]3 years ago
8 0

Answer:

$ 508.03

Explanation:

To calculate present value of an annuity, N, we can use the formula;

N=\frac{A}{(1+r)^n}

From the question, the future value of the annuity is A=$900, the percentageW interest rate per compounding period is r=10%=0.1, and the number of deposit to be made in the annuity is n=6

We plug the values into the formula to get:

N=\frac{900}{(1+0.1)^6} =  \frac{900}{1.1^{6} }  = 508.03

Therefore the present value is $508.03

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Calvin purchased a 40% partnership interest for $43,000 in February 2017. His share of partnership income in 2017 was $22,000, i
Bess [88]

Answer:

Calvin would have a long-term capital gain of $1000.

Explanation:

Calvin's contributions towards partnership is as below

Beg                                           $43,000

2010 income                            $22,000

2011 income                             $25,000

2010 income                            $12,000

Total  contribution                   $102,000

Total amount Calvin realized by selling his partnership interest = $103,000.

Therefore, Calvin would have a long-term capital gain of $1000 (amount Calvin realized - Calvin's contributions  = $103,000 - $102,000).

4 0
3 years ago
Josie recently took a job in the marketing department for Beachside Bagels and Bakery. After just a few days on the job, Josie l
Natalija [7]

Answer: Bureaucratic organization

Explanation:

A bureaucratic organization is an organization with a pyramidal shaped structure thereby decisions are made in an organized manner and there is high formality in its operations. It involves different layers of management from the top executives to managers till it gets to the lower staffs

Authority and decision making generally comes from the top till it gets to lower layers. Examples of bureaucratic organizations can be found in colleges and police departments.

6 0
3 years ago
Read 2 more answers
Are you a people person? Do you like to join clubs, help others, give instructions, influence decisions, or plan social events?
Montano1993 [528]

Answer:

Yes I do.

Explanation:

1. Serve others.

2. Plan a community bazar to gain founds and donate them to local foundations with social objetives.

3. Organize a cinema at park festival for help vulnerable population to enjoy and recreate different activities that they normally don't have access to.

4. Go to a geriatric and plan some activities like chess contest, dance and teather to help them to feel distracted of the loneliness for a while at least one a week.

5. Go to visit to somebody and prepared some cookies, talk to that person, listen to and enjoy of a great chat.

6. Paste some motivational notes in random places. (subway, restaurants, public bathrooms).

8 0
3 years ago
Revenue and expense data for Innovation Quarter Inc. for two recent years are as follows: Current Year Previous Year Sales $4,00
Ierofanga [76]

Answer:

See explanation section

Explanation:

See the image below

8 0
3 years ago
The following costs were for Optimal View Inc., a contact lens manufacturer: Output Fixed Cost Variable Cost Total Costs 270 $ 5
Anastasy [175]

Answer:

Per unit total cost $49.00

Explanation:

The per unit total cost is as follows;

Particulars     Total Costs    Output

High level     $21,300           420

Low level     $15,300           270

Difference   $6,000            150

Unit variable cost 40 ($6000 ÷ 150)

Fixed cost $4,500 ($21,300 - (420 × 40) )

Total cost at 500 lenses $24,500 ($4,500 + (500*40))

Per unit total cost $49.00 ($24,500 ÷ 500)

8 0
3 years ago
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