1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
alukav5142 [94]
3 years ago
6

What is the pv of an ordinary annuity with 5 payments of $4,700 if the appropriate interest rate is 4.5%?

Business
1 answer:
Lena [83]3 years ago
7 0
The formula is
pv=pmt [(1-(1+r)^(-n))÷r]
PV present value?
PMT payments 4700
R interest rate 0.045
N number of payments 5

PV=4,700×((1−(1+0.045)^(−5))÷(0.045))
pv=20,632.89
You might be interested in
The Nearside Co. just paid a dividend of $1.20 per share on its stock. The dividends are expected to grow at a constant rate of
timurjin [86]

Answer:

$20.80 and $29.61

Explanation:

The computations are shown below:

Current price is

= Next year dividend ÷ (Required rate of return - growth rate)

where,

Next year dividend is

= $1.20 + $1.20 × 4%

= $1.20 + $0.048

= $1.248

So, the current price is

= $1.248 ÷ (10% - 4%)

= $20.80

Now the price in 10 years is

= Next year dividend ÷ (Required rate of return - growth rate)

where,

Next year dividend is

= $1.20 × 1.04^10

= $1.20 × 1.4802442849

= $1.7762931419

So, the price in 10 years is

= $1.7762931419  ÷ (10% - 4%)

= $29.61

4 0
3 years ago
All of the following should be considered before enrolling in a 529 plan except which
Pavel [41]

There is a limit on how many colleges you can apply to.

7 0
4 years ago
WILL MARK BRAINLIEST!!
umka21 [38]

Answer:

the answer is letter <em>D</em><em> </em><em>i</em><em>s</em><em> </em><em>t</em><em>h</em><em>a</em><em>t</em><em> </em><em>t</em><em>r</em><em>u</em><em>e</em>

5 0
3 years ago
a local pet store, pais with pawa, donates a portion of every saleto pet rescues in its communitythis exhibits the company's​
avanturin [10]
Tucytdfydtyjdyrtydydjtyfususuudjddjjdjdj is a op team player who is played in the cteam league roster roster for the players roster for players who are players team player team player rankings for the teams players in team team plays fhgtjydjtyddtyjfytdyjtdykdytdtydktyditydktyddtykftf team player rankings for players for team players who are team players players who have qualified teams players for players who have qualified teams for the players players who played in
4 0
3 years ago
Can someone help State the importance of assessing facial characteristics prior to carrying out lash and brow treatments.? Pleas
Mama L [17]
So that you can make the makup look correct and not to synthetic and ugly 
8 0
3 years ago
Other questions:
  • Todd and his brother Robert are going to use 512 square feet of their backyard for skateboard ramps. The shape of the backyard i
    7·2 answers
  • Beginning three months from now, you want to be able to withdraw $2,700 each quarter from your bank account to cover college exp
    10·1 answer
  • Which of the following taxpayers may not be able to claim full benefits for some common itemized deductions?
    9·1 answer
  • Does the reserve banks determine tax rates?
    6·1 answer
  • Workers at nuclear power plants wear film badges to _____.
    15·2 answers
  • healthcare, paid time off, disability insurance, and matching contributions to a retirement account are all types of
    6·1 answer
  • A marketing channel ____ (A) emphasises benefits of a product to consumers.(B) makes possible the flow of products and services
    9·1 answer
  • Subsidies also distort resource allocation by encouraging excessive energy consumption, artificially promoting capital-intensive
    7·1 answer
  • Arya has a homeowner’s policy that covers up to $400,000. Her house is completely destroyed in a fire. When an assessment is mad
    9·1 answer
  • When selecting a mentor, which of the following should be considered? (Select all that apply)
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!