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4 years ago

If you put up $52,000 today in exchange for a 6.5 percent, 16-year annuity, what will the annual cash flow be?

1 answer:

6 0

Hi, thank you for posting your question here at Brainly.

We use an equation to solve this problem:

$P = A[ \frac{1- (1+i)^{-n} }{i} ]$

where P = $52,000
i = 0.065
n = 16

$52000 = A[ \frac{1- (1+0.065)^{-16} }{0.065} ]$

A = $5,323.63 per year

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3 years ago

Read 2 more answers

The next two questions pertain to the problem below: You researched Jersey Kids Corp on Yahoo Finance and you found the followin

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Answer:

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Explanation:

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P2021 = D2022 / (r - g) ............................ (1)

Where,

P2021 = current stock price in 2021 = ?

D2020 = Annual dividends per share paid in 2020 = $3.00

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3 years ago

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3 years ago

Beasley, Inc., reports the following amounts in its December 31, 2021, income statement. Sales revenue $ 350,000 Income tax expe

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Answer and Explanation:

The preparation of the multiple-step income statement is presented below:

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Multiple-step income statement

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3 years ago