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
chubhunter [2.5K]
3 years ago
12

#1 What is the value today of a money machine that will pay $2,253.00 per year for 5.00 years? Assume the first payment is made

today and that there are 5.0 total payments. The interest rate is 9.00%.
Business
1 answer:
Tcecarenko [31]3 years ago
3 0

Answer:

Value today of the a money machine = $9552.08

Explanation:

The value of the money machine is the present value of the  equal amount of payment receivable for 5 years. This series of equal payments is called an annuity.

An annuity is a series of equal payments or receipts occurring for a certain number of years.

This will be done as follows:

Step 1 :The present value (PV) of the first payment is $2,253 as it is due immediately.

Step 2 :The PV of last 4 year annuity:

PV = 2,253 × ( 1 - (1.09)^(-4))/0.09 )

     = 2,253 × 3.2397

     = $ 7299.08

Value today of the a money machine = $ 7299.08 + $2,253

                                                               = 9552.08

You might be interested in
Why, in summary, should managers think of staffing, training, appraising, and paying employees as a talent management process?
MakcuM [25]

Explanation:

The management of people in an organization is a constant and dynamic process that must be well structured, as it is the employees of the organization who will assist in the achievement of organizational goals and objectives.

Therefore, this process of recruiting, training, evaluating and paying employees must be well established in the organization as a fundamental process for organizational success. Each stage of the personnel management process is essential, and must always be organized, evaluated and monitored, so that there is continuous improvement in a company in all its systems. Through effective people management, there is greater motivation, greater productivity and greater organizational positioning.

5 0
3 years ago
Karen and Al obtained a 30-year fixed-rate, fully amortized loan when they purchased their home. Which statement is true
murzikaleks [220]

Based on the information given regarding the mortgage, the true statement will be that each of their payments is for the same amount.

A fully amortized payment simply means a payment where the individual makes every payment according to the schedule of the loan.

A fully amortized payment is a periodic repayment of a debt. Since Karen and Al obtained a 30-year fixed-rate fully amortized loan when they purchased their home, they'll pay the same amount monthly.

Learn more about mortgage on:

brainly.com/question/1318711

5 0
2 years ago
Interest on a Note Payable is most appropriately accrued:_____________
Thepotemich [5.8K]

Answer: Interest on a Note Payable is most appropriately accrued: "B. as of the end of each accounting period during which the note is a liability.".

Explanation: As long as the Note Payable remains a liability and has not yet reached its due date, according to the accrual principle, at the end of each accounting period the accrued interest must be recognized, and when the Note payable reaches its expiration it must remain with balance 0 the interest not accrued account.

8 0
3 years ago
When a US company purchases and imports wood from Brazil to use to build new houses, within the United States, this purchase inc
Mariana [72]

Answer:

The correct answer is 2. No overall change.

Explanation:

The aggregate demand is the total goods and services demanded by a country, at a certain price level, in a certain period of time.

The aggregate demand that can be accounted for measures exactly the same as GDP. So they are often used as synonyms.

To calculate aggregate demand, the same methods as for calculating GDP can be used, however, aggregate demand is associated with expenditure, so it is calculated by the product method, that is, from the point of view of what society has spent. This calculation takes into account the expenditure of families (private individuals), what has been spent on investment, the cost of public administrations, and finally, net exports, which is the difference between imports and exports In this way, the Aggregate Demand formula would look like this:

DA = C + I + G + (X-M)

3 0
3 years ago
Cael tells his co-worker and friend, Kevin, that he has been interviewing at a rival advertising firm and thinks that he has sec
salantis [7]

The type of conflict that Kevin is facing based on the scenario that has being painted here is what is called the Conflict of loyalty. Option B.

<h3>What does it mean to be in conflict?</h3>

A mental conflict brought on by conflicting or incompatible wants, urges, wishes, or demands from the outside or the inside.

Conflict-affected individuals may come out as tense and uneasy. For instance, they could shun social situations and question everything they do all the time. Words and comments - How workers communicate verbally might show whether conflict is present. People tend to use far more emotional language when they are agitated.

When a person has a duty of loyalty to many entities and those entities' interests disagree, there is a conflict of loyalty.

When a board member may be swayed by factors other than what is best for the organization, there is a possible conflict of loyalties. Loyalty conflicts could be severe enough to qualify as interest conflicts.

Read more on conflict here:brainly.com/question/846617

#SPJ1

4 0
1 year ago
Other questions:
  • Imagine you are a Starbucks executive traveling to China from the company’s U.S. headquarters. You are going to Beijing to negot
    10·1 answer
  • What name is given to the price a dealer pays when purchasing a car from a manufacturer? A. Market price B. MSRP C. Book value.
    7·2 answers
  • Paul's Dogs Corp. has 9 percent coupon bonds making annual payments with a YTM of 8.5 percent. The current yield on these bonds
    14·1 answer
  • The following information describes a company's usage of direct labor in a recent period. The direct labor efficiency variance i
    11·1 answer
  • You would like to buy shares of International Business Machines (BM). The current bid and ask quotes are $103.25 and $103.30, re
    7·1 answer
  • Many economists believe that the market for wheat in the United States is an almost perfectly competitive market. If one firm di
    13·1 answer
  • Greta is the purchasing manager for a large disaster renewal company. What task might Greta perform as part of her job?
    8·2 answers
  • Time Remaining 1 hour 8 minutes 42 seconds01:08:42 Item 5 Time Remaining 1 hour 8 minutes 42 seconds01:08:42 Crich Corporation u
    10·1 answer
  • Money serves three functions in the economy: medium of exchange, unit of account, and store of value.
    9·1 answer
  • What problems do you think Hudson will face on entering the European market? Make a list of your ideas then share with your clas
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!