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
Bingel [31]
3 years ago
6

What is the PV of an ordinary annuity with 10 payments of $2,700 if the appropriate interest rate is 5.5%? a. $16,576 b. $19,334

c. $18,367 d. $17,449 e. $20,352
Business
1 answer:
jeyben [28]3 years ago
4 0

Answer:

The correct answer is E.

Explanation:

Giving the following information:

Ordinary annuity with 10 payments of $2,700. The interest rate is 5.5%.

First, we need to calculate the final value using the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual pay

FV= {2,700*[(1.055^10)-1]}/0.055= $34,763.45

Now, we can calculate the present value:

PV= FV/(1+i)^n

PV= 34,763.45/(1.055^10)= 20,352

You might be interested in
The shelby cobra retails for ?$47 comma 68447,684 ?(all taxes? included. what are the monthly loan payments for the car if you m
Dmitry [639]
The answer would be 7152. maybe hope it helps
4 0
2 years ago
What happens when a single seller market develops into a competitive market?
Luden [163]

Answer:

Introduce new or better products to existing markets. Continue development on your existing products, like your bestsellers, in order to renew your commitment to current customers to the best of your abilities. Through product development, you can expect to outperform competitors and keep your customers happy. Explore Partnership Opportunities

6 0
2 years ago
Both country 1 and country 2 are located on their respective production possibilities frontiers (PPFs) for consumer goods and ca
nikdorinn [45]

Answer:

A) Country 1's PPF lies further to the right than country 2's PPF.

Explanation:

Production Possibility Curve shows the combination of two goods, that an economy can produce - by utilising given resources & technology best efficiently.

If country 1 produces twice the output of both goods compared to country 2. Then, country 1's PPF would lie further to the right than country 2's PPF.  As, more quantities implies rightward shifted PPC, signifying more quantities of goods that can be produced.

Efficient or inefficient production leads to production inside or on PPC, doesn't shift PPC. Population change is also irrelevant in this case.

7 0
2 years ago
Where can a Master Admin Accountant User view the apps connected to a client’s QuickBooks Online account from within QuickBooks
sashaice [31]

Answer:

The answer is below

Explanation:

A Master Administrator is normally the individual who is tasked at establishing the company file in QuickBooks Online.

In other words, Master Admin possesses access to all portions of the company file and can grant authorizations and access to other users.

Therefore, a Master Admin Accountant User can view the apps connected to a client’s QuickBooks Online account from within QuickBooks Online Accountant by doing the following:

1. Go to Settings

2. Select Manage Users.

3. Select Accounting firms.

4. Under the Company section, Select View Apps.

4 0
3 years ago
The Red Bud Co. pays a constant dividend of $2.00 a share. The company announced today that it will continue to do this for anot
kiruha [24]

Answer:

<u>Share of this stock worth today if the required rate of return is 7.6 percent is $3.59</u>

Explanation:

stock worth today = 2/1.076 + 2/1.076^2

stock worth today = $ 3.59

4 0
3 years ago
Other questions:
  • An early warning signal for the potential of an overdrawn budget is created when: contingency funds are applied for. a bottom-up
    5·1 answer
  • A company has the following activities and costs: machine setup of $500,000; machine repair of $100,000; and heating and lightin
    14·1 answer
  • A message is updated on the company’s web site. What is the communication type that is being used in that example?
    9·1 answer
  • Many new business will run at a loss in the beginning? A.TRUE <br> B. FALSE
    13·1 answer
  • The current​ zero-coupon yield curve for​ risk-free bonds is as​ follows: Maturity ​(years) 1 2 3 4 5 YTM 4.99 % 5.53 % 5.73 % 5
    9·1 answer
  • Identify the accounting concept that describes each situation below. Do not use any concept more than once. (a) Is the rationale
    13·1 answer
  • Ann and Bob form Robin Corporation. Ann transfers property worth $420,000 (basis of $150,000) for 70 shares in Robin Corporation
    10·1 answer
  • Which is least likely to be eligible for tax deductions?
    8·1 answer
  • Which type of financial risk happens when the prices of things rise and fall?
    8·2 answers
  • If you have $600 and you find an investment that annually yields 3%, how much interest would you earn in 15 years?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!