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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).

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Identify a true statement about responsive supply chains.
dimulka [17.4K]

Answer:

d. They are supported by information technology that provides real-time information to managers across the supply chain

Explanation:

the responsive suupply chains mainly concentrate on reactive and flexible services in order to make changes as per the demands and requirements of the market.

7 0
2 years ago
A company just starting business made the following four inventory purchases in June: June 1 150 units $ 390 June 10 200 units 5
melomori [17]

Answer:

Ending inventory cost= $599

Explanation:

Giving the following information:

June 1 150 units $ 390 (2.6)

June 10 200 units 585 (2.93)

June 15 200 units 630 (3.15)

June 28 150 units 495 (3.3)

Ending inventory in units= 200

<u>To calculate the ending inventory, first, we need to calculate the average price:</u>

Average price= (2.6 + 2.93 + 3.15 + 3.3) / 4= $2.995

<u>Now, the ending inventory:</u>

Ending inventory= 2.995*200

Ending inventory= $599

8 0
3 years ago
The enormous variety of goods and services that we consume each day can be attributed mainly to
stepladder [879]
To me at least, the context is unclear, though "Trade" seems to be a reasonable answer as we get a lot of goods from trade with foreign countries and get labor and other such services from other countries.
6 0
3 years ago
Which of the following conditions might result in the best financial decisions?
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The personality dimensions mentioned in the question all refer to the Five Factor Model; with one of the dimensions missing, which is neuroticism. A person with high levels of (C) conscientiousness would make the best financial decisions, mainly because they are well-organized and prudent about things, which also translates to how they manage their finances.

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3 years ago
Read 2 more answers
While a loan must be repaid, factoring is the selling of _____ to a finance company who then assumes responsibility for collecti
Umnica [9.8K]

The correct answer is accounts receivable.

While a loan must be repaid, factoring is the selling of accounts receivable to a finance company who then assumes responsibility for collecting the accounts.

<h3>What is factoring? </h3>
  • Factoring is concerned to a kind of financial transaction. It is also a type of a debtor finance.
  • In factoring a business sells it accounts receivable to another party at a lower cost or at a discount.
  • It is usually used in international trade finance.
  • It is also known as invoice factoring, accounts receivable factoring, or also as receivable financing.
  • In factoring there are three different parties directly involved.
  • The whole process highly confidential.

To learn more about accounts visit: brainly.com/question/17373928?

#SPJ4

6 0
1 year ago
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