Answer:
Present value deposit today = 216,886 (Approx)
Explanation:
Given:
Number of year (n) = 16 years x 4 quarter = 64
Rate of interest (r) = 1.6% = 0.016 / 4 = 0.004
Future value = $280,000
Present value = ?
Computation of present value deposit today:
Present value deposit today = 216,886 (Approx)
Your money will double in approximately 11 years and quadruple in approximately 22.
Use the Rule of 72 for doubling (72/interest rate= number of years to double) and the Rule of 144 to quadruple (144/interest rate= number of years to quadruple).
Answer:
$300
Explanation:
Given that s a health insurance program with co-payments of $10 per doctor visit.
Thus,
amount paid by insurance in 1 visit = $10
Amount paid by insurance in 6 visit = $10*6 = $60
Total bill charged by the doctor in 6 visit = 360
Amount paid by the consumer = Total bill charged by the doctor in 6 visit - Amount paid by consumer in 6 visit = $360 - $60 = $300
Since , consumer is the third party payer he pays $300 out of total $360 bill charged by the doctor.
In fraction ,portion of bill paid by the third party payer = 300/360 = 5/6
Thus, 5/6 portion of bill is paid by third party payer.
Answer:
Explanation:
this problem can be solved applying the concept of annuity, keep in mind that an annuity is a formula which allows you to calculate the future value of future payments affected by an interest rate.by definition the future value of an annuity is given by:
where 
is the future value of the annuity, 
is the interest rate for every period payment, n is the number of payments, and P is the regular amount paid
But there is an special thing to keep in mind and is the initial payment so we must to calculate the 4,000 in the future so we have:
Answer:
True
Explanation:
Remember, that the term 'company strength' is commonly used to refer to the overall advantages a company has.
Thus, when it was said that Channel has the ability to appeal to different niche audiences that they can guarantee a "16 to 34 year old ABC1 audience at peak viewing times.
Also, mention was made about the company receiving 17 Oscar nominations in the year 1994. All this facts highlights the company's strength.
