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Bas_tet [7]
3 years ago
10

An insurance company has offered your friend the choice of $45,000 per year for 15 years, with the first payment being made toda

y, or a lump sum. If a fair return is 7.5%, how large must the lump sum be to leave him as well off financially as with the annuity?

Business
1 answer:
TiliK225 [7]3 years ago
8 0

Answer:

$427,011.92

Explanation:

We use the present value formula i.e to be shown in the attached spreadsheet

Given that,  

Future value = $0

Rate of interest = 7.5%

NPER = 15 years

PMT = $45,000

The formula is shown below:

= -PV(Rate;NPER;PMT;FV;type)

And, in type we write the 1 instead of 0

So, after solving this, the present value is $427,011.92

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you have been hired to conduct a job analysis at a local fast food chain. after completing your analysis, you conclude that the
Katen [24]

As a job analyst, after completing the job analysis, it can be understood that it was a skills-based analysis.

In a skill-based job analysis, the person's skills are measured and put to the test. For example, here, it can be seen that the job requires the employees to have good knowledge of the menu, interpersonal skills, and customer service skills. Conducting an analysis based on these factors will result in an employee who is well-skilled in these fields. As a job analyst, the major area of focus is the skills the employee has for the job.

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3 0
1 year ago
Picture If total utility is increasing, marginal utility: is positive but may be either increasing or decreasing. must also be i
zubka84 [21]

Answer:

It would be positive but might be either decreasing or increasing

Explanation:

Total utility (TU) is the utility which is defined as the aggregate satisfaction received or gained through consuming the given aggregate quantity of the good and service.

Marginal utility (MU), is the one which is defined as the satisfaction received from consuming an extra or additional unit or quantity of the specific good or service.

So, when the aggregate utility is increasing, then the marginal utility would be positive but might be either decreasing or increasing.

6 0
3 years ago
In order to make a résumé persuasive and not self-centered, omit the use of the word _____.
ra1l [238]
D. All of the above

Omitting I, me, and my will make the resume more effective.
8 0
3 years ago
Read 2 more answers
Off-balance-sheet activities consist of issuing financial instruments such as various types of guarantees and engaging in deriva
kramer

Answer:

True

Explanation:

Off balance sheet items are transactions that generate fees for the business (such as guarantees), and to hedge against future loss (such as futures investments).

Meaning assets and liabilities that are deferred or contingent to business success.

4 0
3 years ago
10. Barbara Inc. is working on its cash budget for June. The budgeted beginning cash balance is $16,000. Budgeted cash receipts
katrin [286]

Answer: $17,000

Explanation:

Given that,

Budgeted beginning cash balance = $16,000

Budgeted cash receipts total = $188,000

Budgeted cash disbursements total = $187,000

Desired ending cash balance = $40,000

The excess (deficiency) of cash available over disbursements for June will be:

= Beginning cash balance + Cash receipts - Cash disbursements

= $16,000 + $188,000 - $187,000

= $17,000

5 0
3 years ago
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