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xxTIMURxx [149]
3 years ago
8

Shaan and Anita currently insure their cars with separate companies, paying $650 and $575 a year. If they insure both cars with

the same company, they would save 10 percent on their annual premiums. What would be the future value of the annual savings over 10 years based on an annual interest rate of 6 percent
Business
1 answer:
icang [17]3 years ago
3 0

Answer:

$1615

Explanation:

($575 + 650) 0.10 = $122.50

Find the future value of $122.50

Future value can be calculated using a financial calculator:

$122.50 = PMT

10 = N

6% = I/Y

Press compute then FV

Fv = $1615

I hope my answer helps you

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Answer:d

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Suppose your bank account pays interest monthly with an effective annual rate of 6%. What amount of interest will you earn each m
Bess [88]

Answer:

0.4868%

$615.47

Explanation:

Given that

a. EAR = 6%

Thus,

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= 1.0048675 - 1

= 0.0048675 × 100

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b. Given that

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Future value = 100,000

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C = 100,000/(1/0.004868) × ([1 + 0.004868]^120 - 1)

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4 0
3 years ago
Read 2 more answers
Compare and contrast the penalties in a civil and criminal trial.
Vladimir79 [104]

Answer: Compare and contrast the penalties in a civil and criminal trial. In a criminal trial, a defendant can be sentenced to jail time, can be fined, and can be forced to undergo some treatment or remedy. In a civil trial, a defendant can be assessed damages and can be coerced to follow through on an agreement.

Explanation: HOPE IT HELPS :)

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Reagan Corp. acquired one hundred percent of Ford Inc. on January 1, 2016, at a price in excess of the subsidiary's fair value.
Artyom0805 [142]

Answer:

B. $497,000

Explanation:

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($350,000-$240000)

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Book value as on Dec 31 2018 of Regent  $250,000

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Consolidated balance of equipment        <u>$497,000</u>

3 0
3 years ago
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oksano4ka [1.4K]

Answer:

The correct answer is Daily weight.

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Changes in weight can occur quickly. The treatments and medicines  used to fight the disease can affect the weight in a very short time.

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