Answer:
$6,972.70
Explanation:
The computation of the annuity paying amount is shown below:
= Buying amount of annuity × annuity rate for 3 years at 5.5%
= $2,450 × 2.846
= $6,972.70
Refer to the annuity table
Simply we multiplied the buying amount with its annuity rate for 3 years at 5.5% so that the accurate amount can come i.e annuity paying amount
Answer:In American law, a signing agent or courtesy signer is an agent whose function is to obtain a formal signature of an appearer to a document. In common parlance, most jurisdictions require the appearer to sign before a notary public. From this, the practice of a notary public designating themselves as a signing agent has arisen. There are notaries public who specialize in the notarization of real estate transfer and loan document signings. Signing agents often have certification and training through private organizations, but is not a requirement in law, although it may be a requirement of the lender in the oversight of real estate transaction document signatures.
Explanation:
Answer:
Value of investment after 10 years will be $738244
Explanation:
We have given that Jason Allen is planning to invest $26000 today in mutual fund
So present value P = $26000
Rate of interest r = 11 %
Time period n = 10 years
We have to find the amount after 10 years
We know that amount is given by
, here A is future value , P is present value r is rate of interest and n is time period
So amount after 10 year will be 
=
So value of investment after 10 years will be $738244
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%
Answer:
more hours
Explanation:
Opportunity cost of the next best option forgone when one alternative is chosen over other alternatives
time is a limited resource that has to be shared between work and leisure. If the opportunity cost of leisure increases, it means he is giving up more work to rest. As a result, he would increase his work hours
