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natulia [17]
3 years ago
5

Charlie Stone wants to retire in 30 years, and he wants to have an annuity of $1,000 a year for 20 years after retirement. Charl

ie wants to receive the first annuity payment at the end of the 31st year. Using an interest rate of 10%, how much must Charlie invest today in order to have his retirement annuity (round to the nearest $10)?
Business
1 answer:
lara [203]3 years ago
7 0

Answer:

Present value Due = $9,364.92

Explanation:

Given:

Number of payment (n) = 20

Periodic payment (PMT) = $1,000

Rate of interest (i) = 10% = 10/100 = 0.1

Present value of annuity = ?

Computation of Present value of annuity:

Present Value = PMT [\frac{1-(1+i)^{-n}}{i}] (1+i)\\

Present Value = 1,000 [\frac{1-(1+0.1)^{-20}}{0.1}] (1+0.1)\\\\Present Value = 1,000 [\frac{1-(1.1)^{-20}}{0.1}] (1.1)\\\\Present Value = 1,000 [\frac{1-0.148643628}{0.1}] (1.1)\\\\Present Value = 1,000 [\frac{0.851356372}{0.1}] (1.1)\\\\Present Value = 1,000 [\frac{0.851356372}{0.1}] (1.1)\\\\Present Value = 9,364.92

Present value Due = $9,364.92

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The partners share profits and losses in the ratio of 5:3:2, respectively. The partners agreed to dissolve the partnership after
vovangra [49]

Answer:

$30,000

Explanation:

The computation of the amount received by Janet is given below:

Loss on sale of other assets is

= $150,000 - $50,000

= $100,000

Share of Janet in loss is

= $100,000 × 5 ÷ 10

= $50,000

So,  

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6 0
2 years ago
For each of the following scenarios, identify the number of firms present, the type of product, and the appropriate market model
marshall27 [118]

Answer:

Number of Firms - many

Type of Product - differentiated

Market Model - monopolistic competition

Number of Firms - many  

Type of Product - standardised  

Market Model - perfect competition

Number of Firms - few  

Type of Product - standardised  

Market Model - oligopoly

Number of Firms - one

Type of Product - unique

Market Model - monopoly

Explanation:

A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.   In the long run, firms earn zero economic profit.  If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.  

Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.  

A monopolistic competition is when there are many firms selling differentiated products in an industry. A monopoly has characteristics of both a monopoly and a perfect competition. the demand curve is downward sloping. it sets the price for its goods and services.

An example of monopolistic competition are restaurants  

A monopoly is when there is only one firm operating in an industry. there are usually high barriers to entry of firms. the demand curve is downward sloping. it sets the price for its goods and services.

An example of a monopoly is a utility company

An Oligopoly is when there are few large firms operating in an industry. While, a monopoly is when there is only one firm operating in an industry.

Oligopolies are characterised by:

  • price setting firms  
  • profit maximisation
  • high barriers to entry or exit of firms
  • downward sloping demand curve

3 0
2 years ago
Human resource​ (HR) management includes activities such​ as: A. Analyzing competitors B. ​Disciplining, promoting,​ transferrin
natita [175]
Answer:
The answer is B. Disciplining, promoting, transferring, and demoting.

Hope This Helps!
Can I get Brainliest?
8 0
3 years ago
Based on the graph below, if January and February are the two coldest months, what can you conclude about the selling of French
Over [174]
January and February are the 2 worst months to make a large profit by selling french fries. The most sold are during September and November. These months are much warmer than January and February.
7 0
3 years ago
Read 2 more answers
Three workers each take home two packs of Post-It notes at a cost of $.67 per pack.
Katarina [22]

Answer:

$ 4.02

Explanation:

Take two packs ×3 and it = 6 then take 6 × 67 and you get $4.02

8 0
3 years ago
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