1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
evablogger [386]
3 years ago
10

Suppose you invest semiannually for 25 years in an annuity that pays 5% interest, compounded semiannually. At the end of the 25

years, you have $500,000. How much of this total is interest? Enter your answer rounded to the nearest hundred dollars.
Business
1 answer:
bonufazy [111]3 years ago
7 0

Answer:

$354,500

Explanation:

First find the amount invested ie the Present Value as follows :

n = 25 × 2 = 50

i = 5%

P/yr = 2

Pmt = $0

Fv = $500,000

Pv = ?

Using a Financial Calculator to enter the amounts as above, the Present Value is $145,471

Total Interest = Future Value - Present Value

                      = $500,000 - $145,471

                      = $354,529

Thus interest is $354,500 (nearest hundred dollars).

You might be interested in
Which is an example of a long-term goal? Group of answer choices I will pay my cell phone bill on time this month. I will train
Nikolay [14]

Answer:

The example of a long-term goal is, I will train for a marathon.

Explanation:

This is a long-term goals because you train and reach it in a long period of time. The others will be counted as a Short-term goal. I hope this helped! :D

4 0
3 years ago
In most markets, _____ is determined by the interactions of numerous buyers and sellers.
anastassius [24]

Buyers and sellers interact in a market to exchange commodities, services, or resources. Prices and trade volume are mostly influenced by how buyers and sellers interact in a "market."

The buyer-seller interaction process is viewed as a transaction in and of itself, with potential for numerous outcomes. The buyer-seller interaction, which is compared to the effect of advertising, is assumed to carry out any of the following five functions: raise awareness of each other's expectations about the product or service; remind each other of past successful transactions and their behavioral outcomes; reinforce each other's behavior related to the sale of the product or service; prompt behavioral actions on each other's parts by intensifying expectations; and persuade each other.

To learn more about interactions of buyers and sellers in market here

brainly.com/question/2976497

#SPJ4

4 0
1 year ago
A drought decreases the supply of agricultural products, which means that at any given price a lower quantity will be supplied;
GarryVolchara [31]
...... conversely, especially good weather would shift the SUPPLY CURVE TO THE RIGHT. Supply curve shifting to the right means that productivity is increased. An increase in agricultural productivity will leads to increase in supply of agricultural products which in turn will results in decrease in price for the products. 
3 0
3 years ago
A method of estimating the amount of bad debt expense whereby management establishes a percentage relationship between the amoun
Flauer [41]

Answer: provisions

Explanation: According to ias 37

5 0
3 years ago
Security P is a preferred stock and Security Z is a zero coupon bond that has 11 years remaining until maturity. Both securities
uranmaximum [27]

The duration of Security P based on the info given will be 11 years.

<h3>How to calculate the time?</h3>

From the information given, Security P is a preferred stock and Security Z is a zero coupon bond that has 11 years remaining until maturity.

Therefore, the duration will be:

= (1 + y)/y

= (1 + 0.1)/0.1

= 1.1/0.1

= 11 years

Learn more about security on:

brainly.com/question/25720881

#SPJ1

6 0
2 years ago
Other questions:
  • Karen and mike currently insure their cars with separate companies, paying $700 and $900 a year. if they insured both cars with
    15·1 answer
  • Steve Corp bought a $600,000 apartment building in June of 2014. Of the purchase price, $104,950 is allocated to the value of th
    10·1 answer
  • Consumers are individuals, businesses, or other groups that
    10·1 answer
  • Which of the following statements describes an ideal manager?A manager gets things done through other people.A manager is person
    14·1 answer
  • Starbucks discovered through marketing research that 30% of consumers buy over 90% of all coffee drinks. If Starbucks used this
    11·1 answer
  • When preparing for a business trip to China, Kaylee Putbrese determined she needed to bring $5,200. How much must she borrow for
    6·2 answers
  • why does the study state that " unless you are sleeping, it is almost impossible not to be communicating"?
    13·2 answers
  • During June, Briganti Corporation purchased $81,000 of raw materials on credit to add to its raw materials inventory. A total of
    6·1 answer
  • Problem 3. A company wants to forecast demand for June using a two period weighted moving average with weights of .6 (for May) a
    8·1 answer
  • On April 1, Cyclone's Co. purchases a trencher for $314,000. The machine is expected to last five years and have a salvage value
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!