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Alona [7]
3 years ago
7

$2000 a year is deposited into an annuity for a child from its birth until it is 18 years old. The rate of interest is at 7%. Wh

at will the annuity be worth in 18 years?
Business
1 answer:
Vitek1552 [10]3 years ago
6 0
I think the annuity will be worth about 41,146 in 18 years, I hope this helped :)
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Assume the perpetual inventory method is used. The company purchased $12,500 of merchandise on account under terms 2/10, n/30. T
Natali5045456 [20]

Answer:

Net cashflow from operating activities =$7,726

Explanation:

The net cash flow from operating activities would be the sales revenue  less  net purchases.

<em>The net purchases  = total purchases - less the purchases returns</em>

12,500 - 1,200 =11300

<em>The amount due on the purchases less discount</em>

The term 2/10, n/30 implies that the company would get a discount of 2% should it pay within 10 days other it would pay the gross amount due at later date   but on or before the 30th day.

Payment due less discount = 98%× 11300  = 11,074

Net cashflow from operating activities = Net sales - purchases

                                                              =18,800 - 11,074  = 7,726

Net cashflow from operating activities =7,726

4 0
3 years ago
Suppose you are buying your first condo for $145,000, and you will make a $15,000 down payment. You will finance the remainder w
postnew [5]

Answer:

$819.98

Explanation:

After making downpayment, the remaining amount is $145,000 - 15000 = $130,000

Using financial calculator:

PV = 130,000

n = 30 years = 360 months

i/r = 6.5%/year = 0.54% / month

FV = 0

PMT = ? (Monthly payment = ?)

--> Monthly payment = $819.98

5 0
3 years ago
If the economy were encountering a severe recession, proper monetary and fiscal policies would call for:
Alexxx [7]
For purchasing government securities, diminishing the save proportion, lessening the markdown rate, and a budgetary deficiency. The Economic recession is a time of general monetary decrease and is normally joined by a drop in the share trading system, an expansion in joblessness, and a decrease in the lodging market. For the most part, a retreat is less extreme than a wretchedness.
4 0
3 years ago
Reynold's Company has a product with fixed costs of $309,000, a unit selling price of $24, and unit variable costs of $21. The b
Serhud [2]

Answer:

The answer is 51,500 units

Explanation:

Break-even sales is a point in which a business or a firm neither make profit nor loss. Total Revenue equals total cost. Break-even sales help to know the point at which business starts to make profit.

Break-even sales is:

Fixed cost/contribution margin.

Where contribution margin is sales price per unit minus variable cost per unit.

In the question, variable cost are decreased by $3.

So the new variable cost is $21 - $3

=$18.

Contribution margin is $24 -$18

$6

Therefore, The break-even sales (units) if the variable costs are decreased by $3 is:

$309,000/$6

=51,500 units

3 0
3 years ago
The current value in today's dollars of a future sum of money is called :______
AleksandrR [38]
Ans: (a) present value
4 0
2 years ago
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