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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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Hi-Tech Inc. has several outdated computers that cost a total of $17,800 and could be sold as scrap for $4,600. They could be up
Goshia [24]

Answer:

c.$17,800

Explanation:

Sunk cost is a term that refers to money that has been spent and cannot be recovered or recouped.

$17,800 that was used by Hi-tech to purchase computers cannot be recovered. So ,it is the sunk cost.

4 0
3 years ago
For organizations to be successful, they must have competent communicators.<br> True or false
Mandarinka [93]

Answer:

True

Explanation:

Must have ... definition of competent: "Having the necessary ability, knowledge, or skill to do something successfully."

Meaning:

For an organization to be successful, it must have a person who is able to convey or exchange information, especially one who is eloquent or skilled, with the "necessary ability, knowledge, or skill to do something successfully."

So...:

You cannot be a successful organization without someone who is good at getting their point across.

(Pay attention to definitions and put the peices together) :D

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3 years ago
Oliver Industries is evaluating the manufacturing process for one of their products. Oliver has determined that the process has
kifflom [539]

Answer:

b) has sunk costs of exist6,000.

Explanation:

The cost which already been incurred and does not effect the decision being made. This cost is prospective cost. It can be avoided in decision making process.

Sunk Cost

Upgradation of Equipment = $6,000

Other cost are the routine costs which incur every year and future cost which is expected to be incur.

6 0
4 years ago
How does the skin protect the body from illness chek all that apply
alisha [4.7K]

The skin acts as an external barrier to bacteria , preventing infection and protecting the internal organs . The skin also protects the body from ultraviolet radiation using the pigment barrier formed from melanocyte cells found in the top of the papillary dermis and a protein layer found in the epidermis.

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3 years ago
3. Identifying the Problem, Defining the Purpose, and Collecting Data Business reports require planning. Before you begin writin
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The first step to show the problem the report focuses on is writing a clear problem statement. On the other hand, the most common sources for informal reports include observations, electronic sources, and printed materials.

In companies, the purpose of most reports is to describe or a process in a detailed way. In the case of reports that focus on problems, these reports aim at explaining through accurate data a problem or issue in the company.

One of the first elements in these reports is a clear problem statement, this means the problem the reports explain is summarized in a short but clear and accurate statement. This statement is usually one of the first elements in the report because it helps the writer know what the report is about.

On the other hand, reports need to illustrate and explain the problem based on realistic and accurate data. Because of this to write a report sources such as articles, observations, printed documents, etc.

In the case of informal reports the most common sources are:

  • Observations: Information you obtain by monitoring a process or phenomenon.
  • Electronic sources: Information related to the problem found on the internet or in electronic records.
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Learn more in: brainly.com/question/11509805

6 0
3 years ago
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