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agasfer [191]
3 years ago
15

Your father is about to retire, and he wants to buy an annuity that will provide him with $91,000 of income a year for 25 years,

with the first payment coming immediately. The going rate on such annuities is 5.15%. How much would it cost him to buy the annuity today
Business
1 answer:
Elena L [17]3 years ago
4 0

Answer:

Present Value of Annuity is $1,263,487

Explanation:

A fix Payment for a specified period of time is called annuity. The discounting of these payment on a specified rate is known as present value of annuity.

Formula for Present value of annuity is as follow

PV of annuity = P x [ ( 1- ( 1+ r )^-n ) / r ]

Where

P = Annual payment = $91,000

r = rate of return = 5.15%

n = number of years = 25 years

PV of annuity = $91,000 x [ ( 1- ( 1+ 0.0515 )^-25 ) / 0.0515 ]

PV of Annuity = $1,263,487

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What strategy did president roosevelt use to restore america's confidence in government and the private banking system?
Klio2033 [76]

The strategy used by president Roosevelt to restore America's confidence in government and the private banking system was that, he reassured fireside talks on the radio.

Roosevelt fought to expand the role of the federal government in the nation's economy, and also embraced Keynesian economic policies. He also implemented a series of projects and programs called the New Deal to stabilize the economy.

Roosevelt called his radio talks about issues of public concern as fireside talks. These talks made Americans feel as if President Roosevelt was talking directly to them. He continued to use fireside talks throughout his presidency to address the fears and concerns of the Americans

Hence, these talks gave confidence to the American people to overcome their fears.

To learn more about Roosevelt here:

brainly.com/question/1000563

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5 0
1 year ago
One of the​ trade-offs Tesla faces is between safety and the maximum range someone can drive an​ all-electric car before having
Nina [5.8K]

<u>Answer:</u>

<em>A creation conceivable outcomes outskirts demonstrates the most extreme sum that an economy can deliver.</em>

<u>Explanation:</u>

The creation plausibility outskirts is a marginalist model that mirrors the most extreme amounts of merchandise and ventures that a nation or endeavour is fit for delivering in a given period and dependent on certain generation factors and innovative learning. Hence there are three circumstances in the profitable structure of a nation or endeavour:

  • Inefficient beneficial structure: When it is underneath the PPF, that is, either all assets are not utilized (inactive assets), or the innovation isn't satisfactory.
  • Efficient beneficial structure: It is situated before the fringe or near it. There are no inactive assets and the best innovation is being utilized.
  • Unattainable beneficial structure: It is over the generation potential outcomes. It is hypothetical since no nation or endeavour can deliver past its ability.
7 0
3 years ago
Wren pork company uses the value basis of allocating joint costs in its production of pork products. relevant information for th
Volgvan

Answer: $8600

Explanation:

Joint cost allocation:

Product :

Loin chops

Pounds - 3000

Price per pound - $5

ground

Pounds - 10,000

Price per pound - 2.00

ribs

Pounds - 4,000

Price per pound - 4.75

bacon

Pounds - 6,000

Price per pound - 3.50

total joint cost - $43000

Sales cost per product :

Loin chops - 3000 × 5 = $15,000

Ground = 10000 × $2 = $20,000

Ribs - 4000 × $4.75 = $19,000

Bacon - 6000 × $3.50 = $21,000

Loin cost allocation is given by :

Total joint cost × (sales value of Loin chops ÷ Total sales value of all products)

$43,000 × ($15,000 ÷ $(15,000 + 20,000 + 19,000 + 21,000))

$43,000 × ( $15000 ÷ $75000)

$43,000 × 0.2 = $8600

3 0
3 years ago
Which of the following countries contributes the least amount of aid to foreign countries and multinational organizations based
katrin [286]

The country that contributes the least amount of aid to foreign nations and multinational organizations based on its GNI is the B. United States.

<h3>How much aid does the U.S. contribute?</h3>

The U.S. is perhaps the largest donor to international organizations and foreign nations with billions going to other nations annually.

The percentage that is given as aid is however a small amount of U.S. national income thanks to the staggering amount earned by Americans in a year.

Options for this question include:

A. United Kingdom

B. United States

C. Germany

Find out more on aid to foreign nations at brainly.com/question/769309

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4 0
1 year ago
B. Lopez Company reports unadjusted first-year merchandise sales of 221,000 and cost of merchandise sales of $64,000. The compan
Annette [7]

Answer: See explanation

Explanation:

The year-end adjusting entry to record the cost side of sales returns and allowances will be:

Dr Inventory Return estimated $3200

Cr Cost of goods sold $3200

(To record expected coat of returns)

Note that the above calculation was done as:

= $64,000 × 5%

= $64,000 × 0.05

= $3200

3 0
2 years ago
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