Answer:
The annuity is $ 7243,28
Explanation:
To calculate the following we can use a financial calculator.
We are making deposits of $10000 for 10 years. The interest rate is 8%
We need to work out the future value of the lumpsum in 10 years time.
n = 10 i = 8% pmt = 10000 COMP FV
FV = $ 144865,62
Now to calculate the annual annuity receivable we divide this amount by 20.
144865,62 / 20 = $ 7243,28
Thus the annual annuity you will receive over the 20 year period is $7243,28
Answer:
The payscale is $48k - $110k per year in the united states
Explanation: Hope this helps:).........if not then I hope you find what you're looking for:)
Answer:
Interest= 25%
Explanation:
Giving the following information:
Friendly’s Quick Loans, Inc., offers you "eight for ten or I knock on your door." This means you get $8 today and repay $10 when you get your paycheck in one week (or else).
Interest for the operation:
Interest= 10/8*100= 25%
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