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Setler79 [48]
3 years ago
5

Assume that you just received an ordinary annuity with 5 annual payments of $1,000 each. You plan to invest the payments at a 6%

annual interest rate. What will the value of the first payment be at the end of the 5th year?
Business
1 answer:
victus00 [196]3 years ago
4 0

Answer:

$1,262.48

Explanation:

The computation of the first payment is shown below:

= Annual payments × (1 + rate) ^ remaining years

= $1,000 × (1 + 0.06) ^ 4 years

= $1,000 × 1.06 ^ 4 years

= $1,262.48

The remaining years would be

= 5 years - 1 years

= 4 years

Since from 1 year to 5 years, the number of years would be 4 and the same is considered in the computation part

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Perteet Corporation's relevant range of activity is 3,600 units to 8,000 units. When it produces and sells 5,800 units, its aver
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The manufacturing overhead costs do no not consists of Fixed selling expense, Fixed administrative expense ,Sales commissions and Variable administrative expense. Another way of finding the manufacturing overhead costs is subtracting the cost of direct materials and direct labor from the cost of goods sold.

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Total MFG Overhead = 4.7 * 4400= $ 20680

     

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