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
Sergeeva-Olga [200]
3 years ago
7

Abby Mia wants to know how much must be deposited in her local bank today so that she will receive yearly payments of $18,000 fo

r 20 years at a current rate of 9% compounded annually. (Use the tables in the handbook.)

Business
1 answer:
saveliy_v [14]3 years ago
8 0

Answer:

$164,313.82

Explanation:

In this question we have to apply the present value formula i.e to be shown in the attachment

Provided that,  

Future value = $0

Rate of interest = 9%

NPER = 20 years

PMT = $18,000

The formula is shown below:

= -PV(Rate;NPER;PMT;FV;type)

So, after applying the above formula the present value is $164,313.82

You might be interested in
It is estimated that a first time dui costs roughly ______ once all potential costs are factored in.
Kamila [148]
The estimated cost of first time DUI roughly around $1,000 dollars once the potential cost are factored in. The potential cost of a contract is the sum of all the estimated and actual cost of all the fees and reimbursable expenses associated with contact.
4 0
3 years ago
The Geostar Company, leading manufacturer of wireless communication devices, is considering three cost-reduction proposals in ts
S_A_V [24]

Answer: Alternative 3 will be selected.

Explanation:

The system that should be selected is the alternative that is better than the other alternatives by being higher than MARR if selected.

First compare A1 to A0

The rate of return here is 18% which is higher than the MARR of 15% so Alternative 1 should be chosen over A0 which is to do nothing.

Compare A1 to A2

If A2 is chosen over A1, the incremental return is 10% which is less than the MARR of 15% so A2 should not be chosen over A1. A1 should instead be chosen over A2.

Compare A1 to A3

If A3 is chosen over A1 then the incremental return would be 18%. This is higher than the MARR of 15% so Alternative 3 should be chosen over Alternative 1.

Alternative 3 should be chosen over A1 which should be chosen over A2 and A0.

A3 will therefore be selected.

7 0
3 years ago
A price total of $1,500 is subject to a 5% sales tax. What is the amount due after tax? A. $1,625 B. $75 C. $1,750 D. $1,575
zloy xaker [14]
The answer to your question is D
3 0
3 years ago
Read 2 more answers
On January​ 1, 2018,​ Jordan, Inc. acquired a machine for $ 1 comma 040 comma 000. The estimated useful life of the asset is fiv
romanna [79]

Answer:

Annual depreciation= $197,000

Explanation:

Giving the following information:

Purchasing price= $1,040,000

Residual value= $55,000

Useful life in years= 5

<u>Under the straight-line method, the annual depreciation is the same during the useful life of the machine. To calculate the annual depreciation, we need to use the following formula:</u>

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (1,040,000 - 55,000)/5= $197,000

4 0
3 years ago
Read 2 more answers
What is a government bond that is repaid within 3 months to a year?
sattari [20]
The right answer for the question that is being asked and shown above is that: "d. Federal Reserve Note." a government bond that is repaid within 3 months to a year is called the d. Federal Reserve Note. 
4 0
3 years ago
Read 2 more answers
Other questions:
  • Conceptual Connection: If Gilmore's estimate of bad debts is correct (2.2% of credit sales) and the gross margin is 20%, by how
    7·1 answer
  • Help please! and thank you &lt;3
    6·2 answers
  • The largest sector in core economies is the tertiary sector; activities in this sector include __________________
    8·1 answer
  • Evidence indicates that the best promotional strategy for firms operating globally is:
    5·1 answer
  • Consider two points on the PPF: point A, at which there are 50 apples and 40 pears, and point B, at which there are 46 apples an
    13·1 answer
  • At the end of the current year, Accounts Receivable has a balance of $430,000; Allowance for Doubtful Accounts has a credit bala
    6·1 answer
  • X minus Industries manufactures 3minusD printers. For each​ unit, $ 3 comma 500 of direct material is used and there is $ 2 comm
    14·1 answer
  • Define service level. Multiple choice question. It is the ratio between average inventory and the level of sales. It is the meas
    8·1 answer
  • Sandhill Corporation loaned $590000 to another corporation on December 1, 2020 and received a 3-month, 6% interest-bearing note
    6·1 answer
  • Which athlete received the largest contract in the history of sports? mike trout lionel messi patrick mahomes lebron james.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!