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inn [45]
3 years ago
6

Professor’s Annuity Corp. offers a lifetime annuity to retiring professors. For a payment of $74,000 at age 65, the firm will pa

y the retiring professor $450 a month until death. If the professor’s remaining life expectancy is 15 years, what is the monthly interest rate on this annuity?
Business
1 answer:
photoshop1234 [79]3 years ago
8 0

Answer: 0.10%

Explanation:

The following can be gotten from the question:

n = 15 years

We change it to months. Thus will be:

= 15 × 12

= 180

Present value of an annuity :

= A × {1- (1 +r ) -n ]/r}

74000 = 450 × [ 1- (1 +r) - 180]/r

r= 0.10%

Therefore, the monthly interest rate is 0.10%.

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<span>When determining the value of raw land, there is a relatively fixed amount of supply; therefore, the value of land is primarily determined by demand?

Because land isn't something we can just add in to the world, there is a fixed amount of supply available to us as a resource. When the supply becomes scarce, it is easy for the value of land to go up because if demand is high and there is a low amount the price can be higher since there is less competition of the same. </span>
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Who want to teach me for be a hacker <br> im a good boy
mestny [16]

Ok ill teach ya then

Explanation:

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3 years ago
Nordstrom, an upscale department store, has a well-known reputation for going the extra mile to serve its customers. This reputa
Komok [63]

Answer:

These are the options for the question:

a. product design excellence.

b. mission statement satisfaction.

c. sustainable price decreases.

d. a sustainable competitive advantage.

e. producer excellence.

And this is the correct answer:

d. a sustainable competitive advantage.

Explanation:

All the other options may be a indirect cause or consequence for Nordstrom's good reputation among the customers, but the direct advantage that this reputation provides is a competitive gain over its market adversaries.

Because the brand is well-regarded, and the clients are satisfied, it is likely that most of the customers are of the loyal type who, when making a purchase, will turn to Nordstrom before considering the competition.

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7 0
4 years ago
Select the correct answer.
Lady_Fox [76]

Answer:

A. True

Explanation:

In order to be on student council, you must already know how to lead. Student council isn't you learn to lead. It's meant to show others how to lead.

3 0
3 years ago
Read 2 more answers
Bonner Corp.'s sales last year were $415,000, and its year-end total assets were $355,000. The average firm in the industry has
koban [17]

Answer:

$182,083

Explanation:

The computation of the total assets by considering the total assets turnover is shown below:

Total assets turnover = Sales ÷ total assets

2.4 = $415,000  ÷ total assets

So, the total assets equal to

= $415,000 ÷ 2.4

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So, the assets is reduced by

= Year-end total assets - calculated assets

= $355,000 - $172,917

= $182,083

5 0
3 years ago
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