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nikitadnepr [17]
3 years ago
12

A check with a future date on it is called

Business
1 answer:
Irina-Kira [14]3 years ago
3 0
Maybe it's a POST DATE
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Several years ago, The Wall Street Journal reported that the winner of the Massachusetts State Lottery prize had the misfortune
Contact [7]

Answer:

a. If the interest rate was 8%, how much would you have been prepared to bid for the prize?

this is an ordinary annuity:

annual payment = $9,420,713 / 20 = $471,035.65

number of periods = 19 periods

interest rate = 8%

therefore, the present value annuity factor = 9.6036

the present value of the annuity = $471,035.65 x 9.6036 = $4,523,637.97 ≈ $4,523,638

b. Enhance Reinsurance Company was reported to have offered S4.2 million. Use Excel to find the return that the company was looking for.

using the IRR function in Excel, the return that Enhance was looking for was 9.05%

3 0
2 years ago
An association that Korean Americans are able to use to pool their money together and provide grants to subsidize the startup co
Free_Kalibri [48]

Answer:

KYES

Explanation:

KYES are clubs created by Korean Americans in which the members make a contribution and the money gathered is used to provide loans to start businesses. According to this, the answer is that an association that Korean Americans are able to use to pool their money together and provide grants to subsidize the startup costs of businesses are called KYES.

8 0
3 years ago
Which of the following is a type of program that is designed to collect information about you and send it to a remote user witho
Olenka [21]
Are there choices for this question?

6 0
3 years ago
As part of his 401(k) retirement plan at work, Ken Lowery invests 6.0 percent of his salary each month in the Capital Investment
Gnesinka [82]

Answer:

The amount of the fee is $1689.60

Explanation:

The computation of the amount of the fee is shown below:

= Dollar value × fund charges a 12b-1 fee

= $211,200 × 0.8%

= $211,200 × 0.008

= $1689.60

Since the question has asked the fee amount so we consider the fee charges percentage, not the capital investment Lifecycle fund. Thus, we ignore the Capital Investments Lifecycle Fund as it is not relevant.

Hence, the amount of the fee is $1689.60

8 0
3 years ago
Which of the following defines a short-term goal?<br> career planning unit test. thanks!
Masteriza [31]

A short term goal is a goal that will only take a few hours to a few days, a goal that wont take much time

A unit test is a short-term goal.

Career planning could take years.

-TheOneandOnly003

4 0
3 years ago
Read 2 more answers
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