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Vladimir [108]
3 years ago
12

What's the present value of a 4-year ordinary annuity of $2,250 per year plus an additional $3,000 at the end of Year 4 if the i

nterest rate is 5%? Select one: a. $9,428 b. $10,446 c. $8,509 d. $8,957
Business
1 answer:
jarptica [38.1K]3 years ago
3 0

Answer:

The correct answer is B.

Explanation:

Giving the following information:

Cash flow= $2,250

n= 4

i= 5%

Additional investment= $3,000

<u>First, we need to calculate the future value using the following formula:</u>

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

FV= {2,250*[(1.05^4) - 1]} / 0.05

FV= 9,697.78 + 3,000

FV= $12,697.78

<u>Now, the present value:</u>

PV= FV/(1+i)^n

PV= 12,697.78/(1.05^4)

PV= $10,446.5

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What Cookery method is used for a matured poultry? <br>​
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In August 2019, U.S. corn futures hit a three-month low after China said it would impose additional tariffs on U.S. grain produc
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Option C (The convenience.............downwards) is the correct choice.

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On August 15, 2014, Cubs Corp. purchases 5,000 shares of common stock in Sox Inc. at a mar- ket price of $15 per share. In addit
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Answer:

                                               Debit                                       Credit

Common Stock                       75,000

Cash                                                                                        75,000

Brokerage fees                        1,000

Cash                                                                                         1,000

Cash                                        50,000

Loss on sale of common stock 25,000

Common Stock                                                                         75,000

Explanation:

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5,000*10= 50,000

75,000-50,000= 25,000

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