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
vlada-n [284]
2 years ago
9

43) An annuity is set up that will pay $1500 per year for ten years. What is the present value (PV) of this annuity given that t

he discount rate is 9%? A) $5776 B) $9626 C) $11,551 D) $13,476
Business
1 answer:
11111nata11111 [884]2 years ago
4 0

Answer:

PV= $9,626.49

Explanation:

Giving the following information:

Cash flow= $1,500

Interest rate= 9%

Number of years= 10

First, we will determine the future value, using the following formulas:

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

A= cash flow

FV= {1,500*[(1.09^10) - 1]} / 0.09

FV= $22,789.395

Now, the present value:

PV=FV/(1+i)^n

PV= 22,789.395/(1.09^10)

PV= $9,626.49

You might be interested in
Brokers differ from insurance agents in that ____
leva [86]

Answer: Option A          

Explanation: A broker refers to a person or a firm who charges fees from the investors for executing their purchase and sale transactions. The broker sometimes also charge their customers for their consultancy services.

Whereas insurance agents refers to the person who sell the insurance policies to the general public and in return gets commission from the insurance company on the premiums paid by the insured.

Hence from the above we can conclude that the correct option is A.

8 0
3 years ago
Please select the type of shock that would produce the indicated shift.
ankoles [38]

The various types of shocks that will be caused are:

  • A leftward shift in the AD curve - Negative demand shock.
  • A leftward shift in the SRAS curve - Negative supply shock.
  • A rightward shift in the SRAS curve -  Positive supply shock.
  • A positive shift that leads to a higher aggregate price level.  - Positive demand shock.
  • A rightward shift in the AD curve - Positive demand shock.
  • A negative shift that leads to a lower aggregate price level - Negative demand shock.
  • Stagflation -  Negative supply shock.
  • A negative shift that leads to a higher aggregate price level - Negative supply shock.
  • A positive shift that leads to a lower aggregate price level - Positive supply shock.

<h3>What causes shocks in the economy?</h3>

When there is a change in the components of demand or supply, there will be a shift in the Aggregate Demand and Supply Curves to show that either demand or supply has changed as a result.

For instance, if there is a weaker harvest for a crop, there will be a leftward shift in the SRAS curve which would lead to a negative supply shock.

In conclusion, supply and demand are prone to shocks.

Find out more on Stagflation at brainly.com/question/23113698.

8 0
2 years ago
What measuring tool is used to measure the distance in which a part can move freely?
Levart [38]
The answer is a tape measure. <span>A </span>tape measure or measuring tape<span> is a flexible ruler and used to </span>measure<span> distance. It consists of a ribbon of cloth, plastic, fiber glass, or metal strip with linear-</span>measurement<span> markings.</span>
5 0
2 years ago
Read 2 more answers
In 1 or 2 sentences, explain how consumers affect which goods and services are produced. WRITER
san4es73 [151]
Answer;
Based on Supply and demand; If a more people want a commodity, it is in greater demand, thus the price will be higher, and if less people want a commodity, the price will be lower.
Explanation;
In a market the price is determined using the law of demand and supply in that particular market. Demand is the quantity of goods that consumers are willing and able to buy at a given price while supply is the quantity supplied by suppliers at a particular price. 
If a more people want a commodity, it is in greater demand, thus the price will be higher, and if less people want a commodity, the price will be lower. 
8 0
3 years ago
Read 2 more answers
Im trying to help answer questions but when i click the answer button I dont see a text box. (btw im on computer
vova2212 [387]

I dont know what to tell you try contacting brainly or refresh your screen

4 0
3 years ago
Read 2 more answers
Other questions:
  • In a __________ distribution center, merchandise moves from vendors' trucks to retailers' delivery trucks in a matter of hours.A
    15·1 answer
  • How does understanding science help you become an informed consumer?
    6·1 answer
  • Before year-end adjusting entries, Waterway Industries's account balances at December 31, 2020, for accounts receivable and the
    10·1 answer
  • Suppose the demand curve for a product is represented by a typical downward-sloping curve. Now suppose that the demand for this
    5·1 answer
  • The Supplies Expense account was debited $1,240 by the Sanford Company for office supplies purchased during the first year of op
    5·1 answer
  • X Company purchased a patent on January 3, year 7 from Y Company for $145,000. An attorney drew up the contract between X &amp;
    13·1 answer
  • Which of the following statements about Treasury Stock is correct? Multiple Choice The balance in the Treasury Stock account inc
    8·1 answer
  • _____ is the method used to determine the number of units a firm must sell at a specific price to cover all costs.
    10·1 answer
  • I have an interview on Thursday how do i answer the question “ Tell me about yourself” and “ Why do you want to work here”
    5·1 answer
  • Which of the following methods may be used to report comprehensive income? (Select all that apply.) Check All That Apply In a si
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!