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scoundrel [369]
3 years ago
7

April Stigum will receive a 6 year annuity of $2,000 per year, beginning 7 years from today. In other words, the first payment w

ill be made at the end of year 7. Assuming a required rate of return of 10%, calculate the present value today of her annuity. (Enter a positive value and round to 2 decimals
Business
1 answer:
melomori [17]3 years ago
8 0

Answer:

The present value today of her annuity=$4,469.87

Explanation:

Step 1 find An

An=R[1-(1+i)^-n] : i

An=(2000[1-(1+0.10)^-6]) :0.10

An=$8,710.52

Step 2 find Present value today

An=S

P=S(1+i)^-n

P=8,710.52(1+0.10)^-7

P=$4,469.87

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use the cost index method to estimate the current construction cost for a building equivalent to one constructed in 1980 at a co
oksano4ka [1.4K]

Answer:

To determine the current equivalent cost of a construction built in 1980 whose cost was $ 2.7 million, we must establish the relationship between the price index for that year, comparing it with that of the current year.

Taking into account that the average cost index for 1980 was 1941, and that said value is currently 3620, we can note that there was a significant increase in costs. Since 3620/1941 = 1.86, to determine the current cost of construction we must multiply its cost by 1.86.

So, since 2.7 x 1.86 = 5.022, we can establish that the equivalent cost at current prices of said building would have been $ 5,022,000.

6 0
3 years ago
What type of advertising communicates the specific features, values, and benefits of a product offered by a particular company?
steposvetlana [31]

Answer:

c. brand advertising

Explanation:

<em>c. brand advertising </em>

It engage the consumer to purchase the product or service being advertised.

a. internal advertising

this adverize is done to hire vacants inside the company instead of hiring from utside the company

b. corporate advertising

Is done to put into radar of consumer the entire organization or company. It d not advertize for an individual brand or product.

d. institutional advertising

It is done to focus on the benefits, ideas, or philosophies of the organization. It is done to iprove the reputation. It buils positive image. It do not sale a product or service.

8 0
3 years ago
3. Which is the correct order for making financial decisions? A) put goals in writing, rethink goals if necessary, have a plan o
Mekhanik [1.2K]

Answer:

B

Explanation:

Setting up realistic goals is key to saving money. Why would you want to save for a car when you are 12? You would rather save to get a new tablet or toy.

Realistic could also mean achievable why would you set a goal that has a low chance of you reaching such as becoming a millionaire and so on.

3 0
2 years ago
Read 2 more answers
In the short run, expansionary monetary policy ___________ real gross domestic product (GDP), ___________ unemployment, and ____
iren2701 [21]

Answer:

a.raises; lowers; raises

Explanation:

An expansionary monetary policy is usually undertaken by the Central bank to increase money supply.

When money supply is increased, output increases and real GDP rises.

The rise in money supply which causes output to increase would lead to an increase in demand for Labour. This would reduce unemployment.

Because of rise of money supply, the supply of money in the economy would rise and the price level would rise.

I hope my answer helps you.

5 0
3 years ago
Question 2
laila [671]

Answer:

A

Explanation:

Calculate the payback period and net present value for each project assuming a 10 % discount rate

7 0
1 year ago
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