Suppose $250,000 is used to establish an annuity that earns 6%, compounded quarterly, and pays $6000 at the end of each quarter. It will take about 120 quarters until the account balance reaches $0.
Amount invested (Present value) = $250000
Quarterly payment (At the end of each quarter) (P) = $4500
Interest Rate (Quarterly) (r) = 6% /4
= 1.5% = 0.015
A number of quarters (n) = ?
Future value at the end = 0
Present value of Annuity formula:
Present value = P × 
250000 = 4500 × 
250000 = 300000 × 
250000 / 300000 = 
0.83333 = 
n = 120
Hence is shall take 120 Quarters until the account balance is $0.
To learn more about account balance
brainly.com/question/28699225
#SPJ4
The approach is best demonstrated by Free Enterprise
Let understand that Free Enterprise is a system where there are full freedom for individuals and businesses. This system brings economic growth because its encourages entrepreneurs to start new businesses and take risks.
A laissez-faire economy system, notable a theory developed by the French creates the philosophy of giving businesses more autonomy from government rules and regulations
- This economy system makes its easier for companies to take risks and invest in the economy.
Learn more about laissez-faire
<em>brainly.com/question/18499612</em>
Answer: To understand how businesses need money and how they can sustain themselves for a period of time to fund bills and still operate
Explanation:
Understanding the relationship between cash conversation cycle and contemporary business executive aims at knowing the business needs funds to operate and building strategic alliances, make money and propose ideas that will sustain and elevate it's strength for some time. Money is vital in running business operations, as organizations will foot bills and do some expenditure and sought out ways to earn more business.
The scatter chart indicates that there is a positive linear relationship between profits and market capitalization.
<h3>What is a Scatter chart?</h3>
This is defined as a mathematical diagram which uses dots to represent values for two different numeric variables.
In this case, the scatter is relatively small with a positive slope which depicts a positive linear relationship between the variables.
Read more about Scatter chart here brainly.com/question/6592115
