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OlgaM077 [116]
3 years ago
6

Suppose Becky has her choice of $10,000 at the end of each month for life or a single prize of $1.5 million. She is 35 years old

and her life expectancy is 40 more years. (a) Find the present value of the annuity if money is worth 7.2%, compounded monthly. (Hint: In other words, she has chosen to receive $10,000 at the end of each month. So, ignore the $1.5 million for this part. What is the present value of the annuity
Business
1 answer:
yaroslaw [1]3 years ago
3 0

Answer:

The answer is $3,456,000.

Explanation:

Annuity is a set amount of money that is paid every year for the person's life. She is 35 years old and expected to live to 75. So for $10,000 at the end of each month, the annuity is, 40 x 12 = 480 months, 480 months  x $10,000 = $4,800,000. If we take the $10,000 as the principal amount, and calculate the interest at 7,2% monthly, in 40 years it would be $3,456,000.

I hope this answer helps.

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Plans in which employees can earn additional compensation in return for certain types of performance are called
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Answer: D - incentive systems

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Incentive can be monetary, non monetary, on target or career prospect. It aids employees reach and supersede their assigned duties within a limited time frame.

Incentive reward system is well appreciated by employees as it shows them that their efforts are being appreciated by their employers and thereby put in more effort to do more.

3 0
4 years ago
If testing cannot be completed any earlier than four days after the prototype has been built, what type of lag exists?
Dahasolnce [82]

Answer: finish to finish

Explanation:

A lag is minimum amount of time that is required for a dependent activity have to be delayed to either start or end.

If testing cannot be completed any earlier than four days after the prototype has been built, the type of lag that exists is finish to finish.

6 0
3 years ago
A fixed cost is a cost which
ale4655 [162]

Answer:

The answer is c. remains constant in total with changes in the level of activity.

Explanation:

In a cost structure of a firm, for decision-making purpose, it is usually divided into fixed cost and variable cost.

Variable cost is the type of costs which will increase following an additional production of an extra unit of product/service, that is, level of activity has been risen up given the production is taken place. A good example of these cost are material cost, labeling cost.

Fixed cost, as it name may tell, is costs that are unchanged regardless of a firm's activities level. That is, regardless of how many product/service is produced, these costs remain the same. A good example of these cost are depreciation cost, rental cost.

4 0
3 years ago
The Constitution sets out the authority and the limits of the branches of the government.
kotegsom [21]

Answer:

The correct answer is c. ​each branch has some power to limit the actions of the others.

Explanation:

The separation of powers or division of powers is a political principle in some forms of government, in which the legislative, executive and judicial powers of the State are exercised by distinct, autonomous and independent organs of government. This is the fundamental quality that characterizes representative and presidential democracy.

Montesquieu argued that “every man who has power is inclined to abuse it; He goes until he finds limits. So that the power cannot be abused, it is necessary that, by the disposition of things, the power stops the power ».3 In this way, the vigilance of the three powers among themselves is entrusted as each one watches, controls and stops the excesses of others to prevent, by their own ambition, that some of them predominate over others. It can be contrasted with the fusion of powers and separation of functions in parliamentary systems, where the executive and the legislature are unified, because the legislature appoints the executive.

3 0
3 years ago
In the product development process, _____ eliminates ideas that are inconsistent with an organization's new-product strategy or
Serggg [28]

Answer:

Screening

Explanation:

Screening is a process in product development that evaluates and compares ideas that are put together for a business.

Simply put, screening is the checking and analyzing of ideas about a new product to ensure that the best idea is utilized to ensure profit.

Screening is done because every idea suggested cannot be good enough or useful for an organization and as such have to be trimmed off or trashed entirely to enable one use the best approach from other ideas.

I hope this helps.

8 0
3 years ago
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