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
Cloud [144]
3 years ago
14

What’s the present value of a $900 annuity payment over five years if interest rates are 8 percent? (Do not round intermediate c

alculations and round your final answer to 2 decimal places.)
Business
1 answer:
MAXImum [283]3 years ago
6 0

Answer:

$3,593.44

Explanation:

The present value (P) of an annuity payment (A) at an annual rate 'r', compounded annually over of period of 't' years, is given by:

P=A*\frac{1-(1+r)^{-t}}{r}

If payments are $900 each at an 8 percent rate for five years, the present value is:

P=900*\frac{1-(1+0.08)^{-5}}{0.08}\\P=\$3,593.44

The present value of the annuity payment is $3,593.44

You might be interested in
For your speech to be effective, you must carefully consider what your specific
Reil [10]

Answer:

A. Specific Purpose

Explanation:

This is 101 for anyone who wants to write an effective speech, knowing what you want to accomplish and what you want the audience to do by the end of your speech is the idea behind this.

8 0
3 years ago
Colil Computer Systems, Inc., manufactures printer circuit cards. All direct materials are added at the inception of the product
bonufazy [111]
他們會不會覺得不得不承認是自己的問題,他們會不會覺得
7 0
2 years ago
A customer tells you that they “must have” a particular item that you are out of in your store. You can tell that the customer i
Lostsunrise [7]
You can tell that the costumer is impatient and appears to be after what they are looking for.
3 0
3 years ago
________ refers to the impaired decision making that occurs in a team when making the right decision is less important than main
aleksandrvk [35]

Answer:

competition

Explanation:

team members be competing against each other

5 0
2 years ago
Under the path-goal theory of leadership, what type of leader behavior includes setting challenging goals for the employee with
murzikaleks [220]

In achievement oriented leadership where leader behavior includes setting challenging goals for the employee with the expectation that those goals will be achieved.

What are the leadership behaviors in the path-goal theory of leadership?

The four categories of leadership conduct identified by the path-goal theory are:

  • Achievement-oriented
  • Directive path-goal clarifying
  • Supportive
  • Participative

What must leaders do for their employees according to path-goal theory?

According to the path-goal theory, achievement-oriented leadership conduct involves encouraging subordinates to perform to the best of their ability by establishing high standards, praising excellence, and expressing faith in subordinates' talents.

Learn more about path-goal theory of leadership: brainly.com/question/17018511

#SPJ4

5 0
1 year ago
Other questions:
  • You have a credit card with a balance of $10,900 and an APR of 17.1 percent compounded monthly. You have been making monthly pay
    9·2 answers
  • Of 58 bank customers depositing a check, 15 received some cash back. (a) Construct a 90 percent confidence interval for the prop
    15·1 answer
  • If the demand curve is very elastic and the supply curve is very inelastic in a market, then the sellers will bear a greater bur
    6·1 answer
  • Suppose there are only two types of goods
    15·1 answer
  • Amy manages mobile device security for her company, an insurance firm. The company currently uses BYOD. She’s concerned about em
    10·1 answer
  • A market maker who acts as a dealer in one or more securities on the floor of the nyse is called a:
    11·1 answer
  • At the beginning of September, Selena Cantu started Cantu Wealth Management Consulting, a firm that offers financial planning an
    10·1 answer
  • Determine the future value if $5,000 is invested in each of the following situations: 7 percent for seven years
    7·1 answer
  • Bruce borrowed $1,000 for his trip. If bruce waits for five years to begin paying back his loan, how much will he owe?.
    7·1 answer
  • Question Mode Multiple Choice Question The total interest that accumulates over time on both the principle money deposited and a
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!