3 years ago

Annuity payout option allows the policyowner to choose a pre-determined number of benefit payments?

1 answer:

3 0

The annuity payout option which allows the policyowner to choose a pre-determined number of benefit payments is known as an "Ă„nnuity Certain". A certain annuity is generally less expensive and provides a better return than a whole life annuity as there is some risk that the policy holder will outlive the payment stream, known as longevity risk.

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Excey Corp. has 8 percent coupon bonds making annual payments with a YTM of 7.2 percent. The current yield on these bonds is 7.5

xeze [42]

Answer:

11.057 years

Explanation:

For computing the number of years we need to apply the NPER formula i.e to be represented in the attachment below:

Given that,

Present value = $1,000 × 8% ÷ 7.55% = $1,059.60

Assuming Future value = $1,000

Rate of interest = 7.2%

PMT = $1,000 × 8% = $80

The formula is shown below:

= NPER(Rate;PMT;-PV;FV;type)

The present value come in negative

So, after applying the above formula, the number of years is 11.057 years

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Sunland Company had the following account balances at year-end: Cost of Goods Sold $60,410; Inventory $15,010; Operating Expense

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Answer and Explanation:

The journal entry is shown below:

Cost of goods sold Dr $2,650 ($15,010 - $12,360)

To Inventory $2,650

(Being the cost of goods sold)

By recording this we debited the cost of good sold as it increased the expenses and credited the inventory as it decreased the assets so that the correct recording and posting could be done

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3 years ago

A partnership is a form of corporation. True or False?

Oksanka [162]

No, the answer is False

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3 years ago

How much money should be deposited today in an account that earns 3 %compounded semiannually so that it will accumulate to $ 13,

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Answer:

PV= $11,889.05

Explanation:

Giving the following information:

Future Value (FV)= $13,000

Number fo periods (n)= 3*2= 6 semesters

Interest rate (i)= 0.03/2= 0.015

To calculate the initial deposit, we need to use the following formula:

PV= FV/(1+i)^n

PV= 13,000 / (1.015^6)

PV= $11,889.05

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Your rich aunt has promised to give you $ 2 comma 000 per year at the end of each of the next four years to help you pay for col

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Answer:

The answer is D

Explanation:

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3 years ago