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igomit [66]
3 years ago
5

Kevin Morales invests $14,963.72 now for a series of $2,200 annual returns beginning one year from now. Kevin will earn a return

of 6% on the initial investment. How many annual payments of $2,200 will Kevin receive?
Business
1 answer:
4vir4ik [10]3 years ago
7 0

Answer:

Answer= 9 years

Explanation:

Present value of annuity=Annuity[1-(1+interest rate)^-time period]/rate

14,963.72=2200[1-(1.06)^-n]0.06

14,963.72=36,666.67[1-(1.06)^-n]

1-(1.06)^-n=(14,963.72/36,666.67)

(1.06)^-n=1-(14,963.72/36,666.67)

(1/1.06)^n=0.591898545

Taking log on both sides;

n*log (1/1.06)=log 0.591898545

Hence n=log0.591898545/log (1/1.06)

=9 years.

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pav-90 [236]

Answer:

C. $5,150

Explanation:

Calculation for what will be the value of interest payment at the end of fifth year in real dollars

First step is to calculate the Interest amount per year

Interest amount per year = 100,000*6%

Interest amount per year = $6,000

Now let calculate the value of interest payment at the end of fifth year in real dollars

Value of interest payment in 5th year in real dollars = 6,000/(1+3.1%)^5

Value of interest payment in 5th year in real dollars= 6,000/1.164913

Value of interest payment in 5th year in real dollars= $5,150

Therefore the Value of interest payment in 5th year in real dollars will be $5,150

4 0
3 years ago
Round 1/3 of who can answer the fastest (part 2)
faust18 [17]

Answer:

1st

Explanation:

3 0
3 years ago
An invention that raises the future marginal product of capital in a closed economy) would cause an increase in desired investme
Lostsunrise [7]

Answer:

A) right; increase

Explanation:

In the case of the closed economy when the marginal product of capital increased so it also increased the investment due to which the shifting of the investment curve is rightward and this will result in increase in the real interest rate

So as per the given situation, the option a is correct

8 0
3 years ago
Trey owns 250 shares of common stock in a toy–store company. This means that he owns a percentage of the company based on the pr
Sergeu [11.5K]

Answer:

The correct answer is D

Explanation:

The voting right is the right which is given to the shareholders of the company to vote on the matters of the corporate policy involving the decisions on the making of the BOD (Board of Directors), making changes in the operations of the corporation, issuing securities and initiate the corporate actions.

So, when the person owns 250 shares, which means owns the percentage of the company grounded on the proportion of the shares the person owns. Therefore, the person along with ownership gets the voting rights as well.

3 0
4 years ago
After new research shows potentially damaging health effects of Good X, government leaders impose a new tax that firms must pay
geniusboy [140]
Hello!
I do believe the answer is B.
Hopefully this helped :)
Mark me brainilest if you get the chance .
3 0
3 years ago
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