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andriy [413]
3 years ago
15

ou may pay $15,000 for an annuity that pays $2500 per year for the next 10 year. You want a real rate of return of 5%, and you e

stimate inflation will average 6% per year what is the annual cost to own this annuity
Business
1 answer:
katrin [286]3 years ago
7 0

Answer:

The annual cost to have this annuity is 16.66%

Explanation:

Solution

Given that

You pay an annuity of  = $15,000

Annuity pays =$2500 per year

n =10 years

The rate of return = 5%

The estimated inflation is -6% average

Now

We find the annual cost to own this annuity

Thus

We find the real or actual yield given as:

I =PNR

$2500 = $15,000 * 1 * r

So,

R=$2500/$15,000

=0.1666 or 16.66 %

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What is the purpose of the customs department of a country’s government?
soldi70 [24.7K]

Answer:

Customs Duty is a tariff or tax imposed on goods when transported across international borders. The purpose of Customs Duty is to protect each country's economy, residents, jobs, environment, etc., by controlling the flow of goods, especially restrictive and prohibited goods, into and out of the country.

8 0
4 years ago
Metcalf Company leases a machine from Vollmer Corp. under an agreement which meets the criteria to be a finance lease for Metcal
tresset_1 [31]

Answer:

the lease asset is $723,943

Explanation:

The computation of the lease asset is shown below;

= (Lease payment - per year maintenance charges) × present value of an annuity due of 1 for six years at 8%

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The same would be considered

4 0
3 years ago
Gabe's Granola Bars had coffee mugs created with their company logo and passed them out on a busy Saturday at a popular grocery
kozerog [31]

Answer:

It would be an example of advertising.

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This is because Gabe's Granola Bars are giving coffee mugs with their logo at a grocery store, not their own location.

I hope this helped!

5 0
3 years ago
Read 2 more answers
Why is accounting a service industry?
Y_Kistochka [10]
Hi there.

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I'm also using the process of elimination. With that, I give you my best guess:


A. Because it provides support but no tangible goods.

Hope this works out for ya!


3 0
4 years ago
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The maximum distance people are willing to travel for a service is
ladessa [460]

Answer:

Range

Explanation:

Range is the term which is used to describe the maximum distance which the consumers or customers are prepared or willing to travel in order to acquire the goods or to use a service.

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And there are two types of range, one is small rage and other is large range.

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4 years ago
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