Ask question

Ask question

All categories

3 years ago

6

If the future value of an ordinary, six-year annuity is $8,500 and interest rates are 9.5 percent, what’s the future value of th

e same annuity due?

1 answer:

vfiekz [6]3 years ago

3 0

Answer:

The future value of the same annuity due is $9307.50

Explanation:

FVA6 = 8500*(1 + 9.5%)

= $9307.50

Therefore, The future value of the same annuity due is $9307.50

You might be interested in

Jackson is buying a home for $412,000. his interest rate on the loan will be 4.75or 15 years. he will have a down payment of $16

Ipatiy [6.2K]

Answer:

96%

Explanation:

Value of the home: $412,000-Down Payment $16,480 = $395,520

Formula for LTV(Loan to Value Ratio): Loan Amount / Appraised Property Value

LTV: $395,520/$412,000 = 0.96 or 96%

4 0

2 years ago

If employers do not require a(n) __________, performance appraisal ratings often do not match the normal distribution of a bell-

Lubov Fominskaja [6]

Answer:

forced distribution

Explanation:

Based on the rest of the sentence it can be said that the missing term is forced distribution. This is a system that requires managers to evaluate each individual and rank them typically into one of three categories. These categories are excellent, good, and poor and allow managers to indicate if the employee should be terminated, is doing good, or is in-line for promotion as indicated in the graph below. This term is also known as the vitality curve or bell curve.

4 0

3 years ago

Comfort Cords produces curtain cords. In the process of manufacturing those cords, it also produces hair ties which are sold sep

hoa [83]

Answer:

$609,000

Explanation:

The revenue in June for Comfort Cords is the sum of the revenue from cords and hair ties.

The revenue from each is the product of the unit selling price and the quantity sold.

= 50000 * $12 + 9000 * $1

= $600,000 + $9000

= $609,000

3 0

3 years ago

Seller Jones signed an exclusive right to sell listing on her home with Muller Realty for $155,000 at a commission rate of 5% to

kramer

Answer:

$3,875

Explanation:

Data given in the question

Selling value of the home = $155,000

Commission rate = 5%

Share basis = equally

So, by considering the above information, the Muller received amount is

= Selling value of the home × commission rate ÷ share basis

= $155,000 × 5% ÷ 2

= $7,750 ÷ 2

= $3,875

By considering the all the information given in the question we can easily find out the received amount by the Muller

8 0

3 years ago

Sherry owns a car business. She just received a shipment of Volkswagen SUVs. She paid $60,000 for each vehicle and wants to make

densk [106]

The selling price of the price that is offered to the buyer of the goods. The selling price of the car should be $<u><em>75,000</em></u>.

<h3>What is the selling price?</h3>

The selling price is the ultimate value of the goods the seller is willing to offer to the buyer at the time of sale. It is determined by adding up the profit margin to the actual cost of the goods.

The computation of the selling price of the car:

Given,

Cost price =$60,000
Margin =25%

$\begin{aligned}\text{Selling Price}&=\text{Cost Price}+\text{Margin}\\&=\$60,000+(\$60,000\times25\%)\\&=\$60,000+\$15,000\\&=\$75,000\end{aligned}$

Therefore, if Sherry wants to make 25% on the sale of each car then the car must be sold at $75,000 each.

Learn more about selling price, here:

brainly.com/question/3798799

5 0

2 years ago