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3 years ago

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What is the present value of the following series of payments: $300 made at the end of every year starting in year 1 and ending

in year 30 EXCEPT there will be no payment of any kind at the end of year 10? Interest is 7% annual rate compounded annually..

1 answer:

grandymaker [24]3 years ago

8 0

Answer:u are a wierdo mister

Explanation:u dont need brainly

JK

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You deposit $300 in a bank account that earns 4ompound interest annually. what is the value of your $300 in 10 years?

Sunny_sXe [5.5K]

You deposit $300 in a bank account that earns 4% compound interest annually. $444 is the value of your $300 in 10 years.

Compound interest happens whilst interest gets added to the primary amount invested or borrowed, after which the hobby rate applies to the new (large) principal. it's essential interest in the hobby, which over the years ended in the exponential boom.

Compound interest is while you upload the earned hobby lower back into your important stability, which then earns you even extra interest, compounding your returns. shall we say you have got $1,000 in a savings account that earns 5% in annual interest. In 12 months, you would earn $50, giving you a brand new balance of $1,050.

Learn more about Compound interest here: brainly.com/question/2455673

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5 0

1 year ago

McGregor Company allows customers to pay with credit cards. The credit card company charges McGregor 3% of the sale. When a cust

Natalka [10]

Answer:

McGregor would Debit Service Fee Expense for $6.

Explanation:

Data provided in the question:

Fee charged by the credit card company = 3% of the sales

Amount of payment made by the customer to McGregor for the service = $200

Now,

The amount of fees charged on the transaction bu the credit card company

= 3% of $200

= 0.03 × $200

= $6

Since, this fees is an expense for the McGregor

Hence,

McGregor would Debit Service Fee Expense for $6.

5 0

3 years ago

Purvell Corporation has just acquired a new machine with the following characteristics (Ignore income taxes.): Cost of the equip

jarptica [38.1K]

Answer:

18.75%

Explanation:

Calculation to determine what The simple rate of return would be closest to:

First step is to calculate the Depreciation using this formula

Depreciation = (Cost - Salvage value)/ life

Let plug in the formula

Depreciation= ($50,000-$5000)/8 years

Depreciation=$40,000/8

Depreciation=$5,625

Second step is to calculate the annual net cash savings:

Annual cash savings $15,000

Less: Depreciation ($5,625)

(45,000/8 = $5,625)

Annual net cash savings $ 9,375

($15,000-$5,625)

Now let calculate the Simple rate of return

Using this formula

Simple rate of return = Annual net cash savings / Initial investment

Let plug in the formula

Simple rate of return= $9,375/$50,000

Simple rate of return= 18.75%

Therefore The simple rate of return would be closest to:18.75%

4 0

3 years ago

Match the title of the employment-related law to its description. Each label is used only once.

Temka [501]

Answer:

a. This law protects the workers from physical dangers while performing their jobs. = Occupational Health and Safety Act of 1970

b. This law states that pensions need to be funded properly and directs that employees be kept informed about their pensions. = Pension Protection Act of 2006.

c. This law placed limits on child labor and set a minimum wage in the United States. = Fair Labor Standards Act of 1938.

d. This law gives workers the right to take up to 12 weeks of unpaid leave per year for family reasons. = Family and Medical Leave Act of 1993.

8 0

3 years ago

Jim is being paid $7.25 an hour to work at a restaurant. In the circular flow, this is an example of a:

max2010maxim [7]

Answer:

The answer is household selling a resource in the factor market which is the same thing as business buying resource in the factor market

Explanation:

Factor market is a market in which factors of production e.g land, capital, labor are bought and sold.

In the question above, Jim(household or labor) is working at a restaurant (firm or business). This means Jim is selling his resource(labor) in the factor market while the restaurant is buying the resource(labor) in the factor market.

4 0

3 years ago