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miskamm [114]
3 years ago
13

Your insurance agent is trying to sell you an annuity that costs $70,000 today. By buying this annuity, your agent promises that

you will receive payments of $380 per month for 25 years. What is the rate of return expressed as an APR on this investment
Business
1 answer:
Tatiana [17]3 years ago
5 0

Answer:

APR = 0.356%

Explanation:

PV = Present Value of the annuity = $70,000

PMT = Annuity payment at the end of each period = $380 per month

N = Number of periods = 25 years x 12 months = 300 Months

FV = Future Value of the annuity =  0

I =  APR or the interest rate = ?? We have to calculate this.

We shall use a financial calculator to compute the value of I.

https://www.calculator.net/finance-calculator.html?ctype=returnrate&ctargetamountv=0&cyearsv=300&cstartingprinciplev=-70000&cinterestratev=6&ccontributeamountv=380&ciadditionat1=end&printit=0&x=93&y=13

APR = 0.356%

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Answer:

Globalization has resulted in great opportunities for businesses from less developed countries to take a hold over the more and much bigger markets from all over the world. Hence, the business over there has the opportunity for better capital flow, human capital, technology, larger export, and low-cost imports, And since they export their products at lower rates, the developed countries import from them more goods and services to save capital.

However,

1. These products lack quality.

2, And they are more prone to defects as well as wear and tear, as a developed country's technology is far superior to those of developing countries. However, now the developing countries are picking up the speed, and coming up with better technology to match that of developed, because of better education facilities, and proper training.

Explanation:

Please check the answer.

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3 years ago
A(n) _________ is a yearly published statement of the financial condition, progress and expectations of an organization.
Anika [276]

Answer: Annual Report

Explanation:

Completing the question with right answer:

An annual report is a yearly published statement of the financial condition, progress and expectations of an organization.

The financial report is normally targeted at the stakeholders and other individuals who have interest in the organization.

4 0
3 years ago
yusef has just finished compiling a list of potential customers and evaluating their ability, willingness, and authority to buy.
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Yusef has just finished gathering a list of prospective clients and assessing their capacity, eagerness, and authorization to purchase. The pre approach is his next move in the personal selling process, he is aware of this.

<h3>What is a marketing strategy?</h3>

A marketing strategy is a company's overarching plan for connecting with prospective consumers and persuading them to purchase its services or products. A marketing plan typically includes the value proposition of the company, key brand messages, data on target customer demographics, and other significant elements.

The 4 Ps of marketing—product, pricing, place, and promotion—are covered in-depth in a marketing strategy.

A well-defined marketing strategy should center on the firm's value proposition, which tells customers what the company stands for, how it operates, and why it deserves their business.

This creates a structure for marketing teams to adopt when they create strategies for all of the company's products and services.

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7 0
1 year ago
Assume that the Candyland economy produced approximately 150 candy bars, 80 bags of caramels, and 30 solid chocolate bunnies. If
Paha777 [63]

Answer:

A. 300

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Given that

No. of chocolate solid bunnies produced = 30

Average price of chocolate solid bunnies = $10

Therefore,

Market value = 30 × 10

= $300.

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4 years ago
Olivia has developed a great presentation with a distinct purpose and excellent content. She delivered it in a workshop and got
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