Answer:
$391,400
Explanation:
we can use the future value formula for an annuity due:
future value of an annuity due = (1 + r) x payment x {[(1 + r)ⁿ - 1] / r}
- payment = $60,000
- r = 9%
- n = 5
FV = (1 + 9%) x $60,000 x {[(1 + 9%)⁵ - 1] / 9%} = 1.09 x $60,000 x {[1.09⁵ - 1] / 9%} = $65,400 x 5.9847 = $391,400
In an annuity due, the first payment is done immediately and not at the end of the period like a normal annuity.
Answer:
99.91%.
Explanation:
For Salt Lake City, the probability that there will be fire damage is:
5% = 0.05
Therefore, the probability that there will be no fire is:
99.95% = 0.9995
For Cleveland, the probability that there will be fire damage is:
4% = 0.04
Therefore, the probability that there will be no fire is:
99.96% = 0.9996
To calculate the probability that none of the production facilities will damaged by fire, we simply multiply both probabilities thus:
0.9995 X 0.9996
= 0.9991
The answer is therefore:
99.91%
Answer:
A)Market value
Explanation:
The market value ratios can be regarded as the financial metrics that are engaged in evaluation of worth of stocks of the companies that trade publicly. The ratio helps the investors to know if the price of prevailing market share is in sync along with the performance of the company. It should be noted that The ratio that measures how much an investor is willing to pay for a dollar of earnings is known as a market value ratio.