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
alisha [4.7K]
3 years ago
10

An ordinary annuity selling at $10,538.38 today promises to make equal payments at the end of each year for the next twelve year

s (N). If the annuity’s appropriate interest rate (I) remains at 6.50% during this time, the annual annuity payment (PMT) will be .
Business
1 answer:
klio [65]3 years ago
6 0

Answer:

The annual annuity payment during this time at the rate of 6.50 % is $1291.67

Explanation:

Compute the annual annuity payments (PMT)

Present Value of annuity (PV) = $10538.38

Number of years (n) = 12

Rate (i) = 6.50%

Present Value (PV) = PMT [1- (1+r)^{n} ]/r]

10538.38 = PMT [1- (1+0.0650)^{-12} ]/0.0650

Annual Annuity Payments = 0.0650*10538.38/[1- (1+0.0650)^{-12} ]

Annual Annuity Payments = $1291.67

You might be interested in
Match each Act to its purpose.
Marta_Voda [28]

Credit CARD Act

↓

Protects consumers from unfair credit card billing practices.

Patriot Act

↓

Prevents, detects, and prosecutes international money laundering

Identity Theft and Assumption Deterrence Act

↓

Criminalizes identity theft

Dodd-Frank Act

↓

Educates consumers so that they can protect themselves from unfair practices.

4 0
3 years ago
All of the following are technical problems that the designers of MMOG must address and solve EXCEPT ____.
Katarina [22]

They are in charge of making sure the game's graphics aren't too complex for the user base.

What is game's graphics?

Throughout the history of video games, a variety of computer graphic approaches have been employed to display game content. The supremacy of specific methodologies has changed over time, mostly as a result of hardware developments and limitations such those imposed by central or graphics processing units.

Learn more about game's graphics with the help of given link:-

brainly.com/question/27112141

#SPJ4

5 0
2 years ago
DAR Corporation is comparing two different capital structures: an all-equity plan (Plan I) and a levered plan (Plan II). Under P
spin [16.1K]

Answer:

The answer is given below;

Explanation:

                           

Download xlsx
8 0
3 years ago
Marian Corporation has two separate divisions that operate as profit centers. The following information is available for the mos
Pani-rosa [81]

Answer:

$100,000 and $241,000

Explanation:

The computation of the gross profit for the Black and Navy Divisions shown below:

As we know that

Gross profit = Sales - cost of goods sold

For Black, it would be

= $200,000 - $100,000

= $100,000

And, for Navy, it is

= $400,000 - $159,000

= $241,000

We simply applied the above formula to compute the gross profit

6 0
3 years ago
Managers used managerial information for all of the following except a.to analyze the performance of a company's operations b.to
Sladkaya [172]

Answer:

b.to evaluate the company's stock performance

Explanation:

Evaluating a company stock performance would interest investors more than the managers of the company.  Investors are profits driven. Their primary concern is to predict the future price of a stock as accurately as possible and profit from the price movement.

Managers are concerned with the profitability and long term growth of the company. They use managerial information to understand the current state and make better plans for the future.  Managers use managerial reports to identify areas that need cost-cutting to maximize the profits.

5 0
3 years ago
Other questions:
  • Who was the researcher who identified three types of travelers on a continuum
    11·2 answers
  • Zachary, a manager at ExecuComp, receives quarterly reports, which track his department's production statistics. However, these
    12·2 answers
  • . A company is authorized to issue 750,000 shares of $5 par value common stock. Prepare journal entries to record the following
    8·1 answer
  • A budget for a business could best be created in a:
    5·1 answer
  • Management at Work While reading the newspaper one day, you come across an article discussing the diversity strategy presented b
    15·1 answer
  • What is financial literature​
    9·1 answer
  • Write a memo to management detailing the various classification of costs and provide two reasons for which it is important to cl
    5·1 answer
  • Someone please help me!!!
    11·1 answer
  • You have decided to buy a used car. The dealer has offered you two options: (FV of S1, PV of $1, FVA of $1, and PVA of $1) (Use
    5·1 answer
  • In a market without price controls, producers charge ____ for their goods and services. This price allows producers to supply th
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!