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guajiro [1.7K]
3 years ago
8

Calculate the present value of an annuity immediate with 20 annual payments of 500 if the first payment of the annuity immediate

starts at the end of the fifth year. The annual effective interest rate is 8%.
Business
1 answer:
Yanka [14]3 years ago
8 0

Answer:

500 x 6.6818 = $3,340.9

Explanation:

Calculate the present value of an annuity immediate with 20 annual payments of 500 if the first payment of the annuity immediate starts at the end of the fifth year. The annual effective interest rate is 8%.

PV of an Annuity = C x [ (1 – (1+i)-n) / i ]

But since the annuity immediate is starting at year 5 to year 25, we compute annuity at year 25 and less annuity at year 5 - to get the 20 years in between.

500 x [(1 - (1+0.08)^ - 25)/0.08] - 500 x [1-(1+0.08^-5)/0.08]

500 x (10.6748 - 3.993)

500 x 6.6818 = $3,340.9

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jonny [76]

Answer:

b) synergy

Explanation:

Synergy -

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These organization with synergic approach achieves more as a group than with individual .

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4 0
3 years ago
Harvey's Wholesale Company sold supplies of $46,000 to Northeast Company on April 12 of the current year, with terms 1/15, n/60.
victus00 [196]

Answer:

D) Cash 45,540 Accounts receivable 45,540

Explanation:

The journal entry is shown below:

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        To Accounts receivable A/c  $45,540

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The computation is shown below:

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= $46,000 - $46,000 × 1%

= $46,000 - $460

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8 0
3 years ago
Your firm has the responsibility to review transactions and activities occurring after the year-end to determine whether anythin
Art [367]

Answer: Subsequent events

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This act is carried out most times by auditors

7 0
3 years ago
To balance columns, a _____ is inserted at the end of the text on a page.
Radda [10]
Salutations!

To balance columns, a _____ is inserted at the end of the text on a page.

To balance columns, a continuous section break is inserted at the end of the text on a page.

Hope I helped!
3 0
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shepuryov [24]

Answer:

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8 0
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