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]
4 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]4 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
Do you agree with Unilever’s decision to link its brands with efforts to encourage healthy and environmentally sustainable behav
o-na [289]

Answer:

Yes.

Explanation:

I agree with Unilever’s decision to link its brands with efforts to encourage healthy and environmentally sustainable behaviors because it is an innovative  way to catch more customers who might have been in doubt of their products due to health and other related issues. It also presents a good image of the company and shows that Unilever is not only out there to sell their products and maximize profits but also to make sure that the consumers of their products are healthy and satisfied. This will help them retain their customers as well as to build unflinching loyalty.

3 0
3 years ago
A company uses the weighted average method for inventory costing. At the beginning of a period the production department had 54,
harkovskaia [24]
I’m not sure but 181,500
7 0
3 years ago
Prepare a marketing plan to market yourself. Visit a career website and locate three careers listed on the website and determine
enyata [817]

Answer:

kailangan meron ka companies

Explanation:

advance mag isip wag dto

8 0
3 years ago
DaaS is utilized for provisioning critical data on demand.
aliya0001 [1]
The is true dad is utilized for provision critical data
7 0
2 years ago
Refused Furniture. Selina arranges to sell furniture from her furniture store to Roland for $3,000. Roland was supposed to give
Tanya [424]

Answer:B. She is entitled to recover the damages if she can show that Roland agreed to pay such damages in his contract with her.

Explanation:

The non payment of the N500 installment by Roland constitute a breach of the sales contract, However an evidence of a commitment to be liable for additional cost that will be incurred will make it possible for Selina to recover the damages.

7 0
4 years ago
Other questions:
  • How much interest will Dorothy earn on $200 deposited in an account that pays 5 3/4% interest annually if she leaves the money i
    6·1 answer
  • Selected transactions from the journal of Larkspur, Inc., are presented below. Date Account Titles and Explanation Debit Credit
    15·1 answer
  • Following are financial statement numbers and ratios for CVS Health Corporation for the year ended December 31, 2016. Total reve
    8·1 answer
  • Supplies on hand at October 31 total $500. Expired insurance for the month is $100. Depreciation for the month is $50. Services
    6·1 answer
  • What’s the cost of consumer credit
    14·1 answer
  • There is a rule of thumb which can be used as an approximation called the Rule of 72 to find interest or period of time, given t
    13·1 answer
  • Why are file naming conventions essential
    5·2 answers
  • Good salespeople:_______. A. Help customers buy.B. Are never the only link between the firm and its customers.C. Are not part of
    14·1 answer
  • The ________ approach states that the exchange rate is determined by the supply and demand for national currency stocks, as well
    13·1 answer
  • The single global rating approach to measuring job satisfaction is more sophisticated than the summation of job facets approach.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!