Answer:
PV= $216,935
Explanation:
Giving the following information:
Suppose a 65-year-old person wants to purchase an annuity from an insurance company that would pay $20,900 per year until the end of that person’s life. The insurance company expects this person to live for 15 more.
First, we need to find the final value of the annuity.
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {20,900*[(1.05^15)-1]}/0.05= 450,992
Now, we can find the present value.
PV= FV/ (1+i)^n= 450,992/1.05^15= $216,935
Answer:
The answer is <u>$3 500 000</u>
Explanation:
The above transactions affect the Consumption component in GDP.
Citrus Grower's contribution to GDP = $3 million + $500,000= <u>$3 500 000</u>
$1 million worth of oranges grown was not included because the amount was the estimated value of oranges and not actual value of oranges consumed.
Peer mentoring is an effective technique for learning about ideal jobs or careers that involves reaching out to and asking people about their own careers and jobs.
<h3>What is Peer mentoring?</h3>
Peer mentoring refers to a one-on-one relationship or experienced within a group. It is a relationship between people who are at the same career stage or age.
The peer mentoring is specifically more effective in expanding the professional network. Peer mentoring involves learning by reaching out to more experienced individuals in an organization.
Hence, Peer mentoring is an effective technique for learning about ideal jobs or careers that involves reaching out to and asking people about their own careers and jobs.
Learn more about Peer mentoring here: brainly.com/question/14680255
Answer:
c. Are the excess of the book value over the cash proceeds.
Explanation:
The property, plant, and equipment are classified as the fixed assets which are reported in the asset side of the balance sheet
If the cash sales of property, plant, and equipment are sold more than the book value then it would be the gain.
But if the cash sales of property, plant, and equipment is sold less than the book value than it would be the loss to the company.
