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Naya [18.7K]
2 years ago
14

As a result of a court settlement, an accident victim is awarded $1.5 million. The attorney takes one-third of this amount, anot

her third is used for immediate expenses, and the remaining third is used to set up an annuity. What amount will this annuity pay at the beginning of each quarter for the next 4 years if the annuity earns 7.9%, compounded quarterly?
Business
1 answer:
OLEGan [10]2 years ago
6 0

Answer:

Explanation:

going by the given question above,

a)As the annuity pay is beginning of each year, it is annuity due

b)Present value(P)=$ 1.5/3 million= $ 0.5 million= $ 5*105

Periodic Payment When PV is known

A=\frac{P}{\left \{ {{1-\frac{1}{(1+I)(N-1)} } \atop I}} +1 }

i=0.072/4=0.018

N=5*4=20

x=(1+i)N-1=(1+0.018)19=1.403

A=5*105 / [ ((1- (1/1.403))/0.018)+1]

A=$ 29,485

Annuity pay at the starting of each quarter is $ 29,485

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Answer:

  • Licensing
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Explanation:

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Franchising represents another way to expand with little risk. It involves a company giving a license to another company to sell and sometimes produce their products as well as image rights. The company will give the franchisee (company that gets the license) the knowledge and training required to maintain the franchise and in exchange, franchisee pays a fee.

Both of these methods ensure that the name and brand of a company spread internationally whilst making money from it. Risk is minimized because the investment in other countries is low to nothing.

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3 years ago
Finish the lyrics lol<br><br> "let it gooo, let it gooo_________________''
xxTIMURxx [149]

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XDD aint it like "can't hold it back anymore" XDD i think it is from frozen

Explanation:

^-^ have a nice day

5 0
2 years ago
Read 2 more answers
Dana has standard consumer preferences over two goods: hours spent watching football (W) and hours spent playing football (P). H
Aleks [24]

Answer:

The correct option is Dana might be indifferent between C, A, and B.

Explanation:

Note: See the attached photo for the indifference curve showing points A, B and C.

The answer can be explained using an indifference curve.

An indifference curve is a graph that depicts the combination of two commodities that provide equal satisfaction or utility to the consumer. A consumer is indifferent between the two commodities at each point on an indifference curve because all points on the curve provide him with the same level of satisfaction or utility.

In the attached photo, bundles A, B and C are plotted as points on the same indifference curve (IC). Since points A, B and C are on the same IC, it therefore implies that Dana might be indifferent between C, A, and B.

Therefore, the correct option is Dana might be indifferent between C, A, and B.

4 0
3 years ago
Ace Corporation engaged Kosier, CPA, to perform a consulting engagement. While driving to Ace's office, Kosier was involved in a
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The correct answer is B. Correct! Since Ace is not in control of the actions of Kosier (an independent contractor), Ace would  generally not be responsible for Kosier's torts.

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A new security system has a price-tag of $8,000, but should save your company $3,600 each year for the next 10 years in reduced
tensa zangetsu [6.8K]

If the required rate of return is 7.2%, no such security shall be purchased.

<h3>What does the required rate of return mean?</h3>

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As a result, if the required rate of return on investment is 7.2%, the security should not be purchased.

Read more about the required rate of return here:

brainly.com/question/13987385

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