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
exis [7]
3 years ago
11

correct,P5-23 (similar to) Value of a retirement annuity Personal Finance Problem An insurance agent is trying to sell you an​ a

nnuity, that will provide you with ​$9 comma 800 at the end of each year for the next 25 years. If you​ don't purchase this​ annuity, you can invest your money and earn a return of 5​%. What is the most you would pay for this annuity right​ now?
Business
1 answer:
tia_tia [17]3 years ago
6 0

Answer:

  • What is the most you would pay for this annuity right​ now?

$ 138.121  

Explanation:

The annuity formula is as follows:

Annuity : Annuity * ((1-1/(1+r)^t)/r    where

r : Rate of return

t : Quantity of years of the annuity.

Annuity : ( ( 1- 1/ (1+0,05) ^ 25 ) / 0,05   = ( 1 - 0,295 ) / 0,05 =  14,09

$9,800 * 14,09 =  $ 138,121

You might be interested in
Major federal eeo laws have been enacted to prevent discrimination against groups of workers most often affected by unfair emplo
mr Goodwill [35]

Major federal EEO laws have been enacted to prevent discrimination against groups of workers most often affected by unfair employment practices. these groups are referred to as  protected classes.

<h3>What is federal EEO laws ?</h3>

The U.S. Equal Employment Opportunity Commission (EEOC)  can be described as the law that help to  guide against the illegal things with regards to the  discriminatation in  job applicant or an employee.

It should be noted that Major federal EEO laws have been enacted to prevent discrimination against groups of workers most often affected by unfair employment practices. these groups are referred to as  protected classes.

Learn more about federal laws at:

brainly.com/question/12486518

#SPJ1

5 0
1 year ago
What is Nick causing? Nick has set up his steel factory near a community lake. The waste from his factory is directly thrown in
gregori [183]
<span>Nick is causing pollution specifically water pollution. Since he is contaminating the community lake. This kind of environmental deprivation happens when pollutants are straight or meanderingly discharged into water forms lacking passable treatment to eliminate harmful composites. This can damage the animals existing by the lake, and the people breathing the air.</span>
3 0
3 years ago
Read 2 more answers
Should a speaker minimize his or her use of nonverbal communication?
Katyanochek1 [597]

no they should not   100% correct

8 0
3 years ago
Read 2 more answers
Statement of Cash Flows Paige's Properties Inc. reported 2018 net income of $1.90 million and depreciation of $259,000. Paige's
SCORPION-xisa [38]

Answer:

See calculations below

Explanation:

With regards to the above we'll simply add back the given depreciation to the net profit for 2018

= Net income $1,090,000 + depreciation

$290,000

= $1,358,000

Cash flow for 201 is $1,358,000

5 0
3 years ago
July 15 Declared a cash dividend payable to common stockholders of $169,000. Aug. 15 Date of record is August 15 for the cash di
Brilliant_brown [7]

Answer:

Explanation:

The journal entries are shown below:  

On July 15:

Retained earning A/c Dr  $169,000

    To Dividend payable    $169,000

(Being cash dividend declared is recorded)

On Aug 15:

No journal entry is required on the date of declared

On Aug 31:

Dividend payable A/c    $169,000

      To Cash A/c $169,000

(Being dividend is paid is recorded)

3 0
3 years ago
Other questions:
  • Hi-Tek is a young start-up company that is currently retaining all of its earnings. The company plans to pay a $2 per share divi
    12·1 answer
  • Your division is considering two projects with the following cash flows (in millions):
    5·2 answers
  • Amy owns a salon and spa. She’s leasing a prime piece of real estate in which she’s installing salon chairs, counters, massage t
    9·1 answer
  • The relevant range of activity refers to the_______________.
    13·1 answer
  • The cyclical surplus is $450 billion, potential output is $10 trillion and tax rate is 15 percent. With this information, we can
    8·1 answer
  • What is the majority of our federal budget devoted to? (What
    10·1 answer
  • At December 31, ABC reported accounts receivable of $272,000 and an allowance for uncollectible accounts of $1,350 (credit) befo
    8·1 answer
  • Examples of veriable costs​
    14·1 answer
  • how is structure related to organizations need for efficiency versus its need for learning and innovation ? how can managers tel
    10·1 answer
  • Economists would describe the u.s. automobile industry as
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!