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Elenna [48]
3 years ago
6

A service contract for a video projection system costs $195 a year. you expect to use the system for four years. instead of buyi

ng the service contract, what would be the future value of these annual amounts after four years if you earn 4 percent on your savings? u
Business
2 answers:
Korolek [52]3 years ago
7 0

Answer:

$828.26

Explanation:

FVA ( future value of annuity ) = P *\frac{(1+r)^{n}-1 }{r}

p ( principal amount ) = $195

r (interest rate) = 4% = 0.04

n ( number of years) = 4  

therefore to calculate the FVA we will into the following values into the given equation

FVA = 195 * \frac{(1+0.04)^{4}-1 }{0.04} = 195 * \frac{1.1699 - 1}{0.04}

       = 195 ( 0.1699 / 0.04 ) = $828.26

The future annuity will be $828.26

aleksklad [387]3 years ago
4 0

Answer:

The future value of an annuity (FVA) is $828.06

Explanation:

The future value of an annuity (FVA) is the value of payments at a specific date in the future based on the payments being recurring and assuming a discount rate. The future value of an annuity (FVA) is based on regular cash flow. The higher the discount rate, the greater the annuity's future value.

FVA= P * \frac{(1+r)^n-1}{r}

Where:

FVA is The future value of an annuity (FVA)

P is payment per period

n is the number of period

r is the discount rate

Given that:

P = $195

r = 4% = 0.04

n = 4 years

FVA= P * \frac{(1+r)^n-1}{r}

substituting values

FVA= 195 * \frac{(1+0.04)^4-1}{0.04}=195*4.246=828.06\\FVA=824.06

The future value of an annuity (FVA) is $828.06

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Elden [556K]

Answer:

The statement is true

Explanation:

Group dynamics is a system of processes of psychological and behaviours which is occurring within a social group. As group is of two or more people so they have different behaviour or act upon differently. So, there is existence of conflict is an inevitable or unavoidable is a part of the group dynamics.

It could happen when the group does not agree on single decision or to act in favour.

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Suppose the quantity of burgers is measured on the horizontal axis and the quantity of bags of French fries is measured on the v
frosja888 [35]

Answer:

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Explanation:

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In the give scenario marginal rate of substitution measures the willingness of the individual to give up fries for burgers while maintaining a level of satisfaction

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Difference between bookkeeping and accounting in table​
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hope this will help you

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3 years ago
Difference between sole proprietorship and independent contractor
wariber [46]

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Frappuccino is a Starbucks trademarked iced coffee drink. This drink is a coffee or cream base mixed with ice and other ingredients such as flavors, syrups, spices, and whipped cream.

Learn more about Frappuccino at

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8 0
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