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Vlad [161]
2 years ago
7

You just won the grand prize in a national writing contest! As your prize, you will receive $500 a month for 50 months. If you c

an earn 7 percent on your money, what is this prize worth to you today
Business
1 answer:
max2010maxim [7]2 years ago
3 0

Answer:

<u>Prize is $22,071.39 worth today</u>

Explanation:

Present value of Annuity = A*[(1-(1+r)^-n)/r]

A - Annuity payment = 500

r - rate per period = 6/12 = .5%

n - no. of periods = 50

Present value of Annuity = 500*[(1-(1.005)^-50)/.005]

= 500*[(1-0.77928606825)/.005]

= 500*44.14278635

= $22,071.39

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John buys a $1,000 bond that pays 6% annual interest at 75. what is john's annual yield?
lina2011 [118]

To calculate the current yield of bonds.

We have the given par value of $1000, a market price of $750 and an interest rate of 6%.

Formula of current yield: 

Yield =  (interest rate * par value)/(market price) * 100%

         =  ((0.06 *  $1000)/$750) * 100%

         = ( $60/$750) * 100%

         =0.08 * 100%

         = 8%


5 0
3 years ago
It is important for a good economic model to predict cause and effect so that it can: explain events that have occurred and help
liraira [26]

Answer:

Yes it is

Explanation:

Because Prediction of cause and effect is important for the good economic model. If the economic model observe the cause and effect relationship, then it can be helpful to anticipate from the similar situation in future. For example, recession is causes recession. If the economic model observe it, then it can be helpful to control recession if t occurs in future.

5 0
3 years ago
Read 2 more answers
ABC Company listed the following data for the current year:
RideAnS [48]

Answer:

$10,800 underapplied

Explanation:

Calculation for If overhead is applied based on machine hours, the overapplied/underapplied overhead is:

Overhead machine hours=[($1,044,000/24,000)×23,600]-1,037,400

Overhead machine hours=($43.50 x 23,600) - 1,037,400

Overhead machine hours=$1,026,600- 1,037,400

Overhead machine hours= $10,800 underapplied

Therefore If overhead is applied based on machine hours, the overapplied/underapplied overhead is:$10,800 underapplied

5 0
3 years ago
All things equal, a magma will have __________ viscosity than a lava
mixas84 [53]
The answer to this question is Lower
Viscosity refers to the rate of thickness on a certain substance compared to another. Unlike magma, Lava is the mixture of various liquid, crystals, and some elements such as  silicon<span>, oxygen, aluminum, calcium, iron, magnesium </span>sodium<span>, potassium, phosphorus, and titanium, which makes it significantly more thicker compared to magma.</span>
3 0
3 years ago
When a person places him or herself in a position in which he or she might be exploited by another, and does so willingly with t
dalvyx [7]

Answer:

vulnerability

Explanation:

When an individual is vulnerable, it means that he/she is being exposed to the possibility of being physically or emotionally wounded.

Usually individuals place themselves in a position of vulnerability in a relationship when they have a very high degree of affection for the other person and assume the risk of being emotionally exposed.

4 0
3 years ago
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