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
ivann1987 [24]
2 years ago
15

A couple of generations ago, a relative of Sophia wanted to share his wealth with family members and decided to open a special b

ank account. The purpose of such financial instrument was to pay out an annuity forever, which would be shared among all family members. Given that the initial deposit was 478,694 dollars and the prevailing interest rate at that time was 5 %, compounded annually, find the value of the annuity this family collects every year.
Business
1 answer:
Varvara68 [4.7K]2 years ago
8 0

Answer:

$23,934.70

Explanation:

Perpetuity (P) Present Value = Deposit = $478,694

Perpetuity annuity value = Deposit * Interest rate

Perpetuity annuity value = $478,694 * 5%

Perpetuity annuity value = $23,934.70

You might be interested in
Based on the graph, how many people are willing to work when the government of a country raises the minimum wage from $17 to $25
alukav5142 [94]
Answer
E.28
So yeah hope I’m not too late
3 0
3 years ago
Favourite drink?<br><br> pepsi<br><br> cola<br><br> lemonade<br><br> other? comment
frutty [35]

my favorite is strawberry lemonade


8 0
2 years ago
Read 2 more answers
Silven Industries, which manufactures and sells a highly successful line of summer lotions and insect repellents, has decided to
BartSMP [9]
What I would do is do the percentages one by one and then you complete the actual project it’s self.
3 0
3 years ago
A budget should include a balance sheet and a(n)
kicyunya [14]

in the budgeting process you should create a budgeted balance sheet and budgeted income statement. Your balance sheet and income statement, whether budgeted or actual, are the two great financials. They reflect the bottom line, showing how the business is doing.

8 0
2 years ago
Discuss and highlight the main features of a Bill of Lading, types of Bill of Lading, and the purpose, usefulness and limitation
drek231 [11]

A bill of lading (/ˈleɪdɪŋ/) (sometimes abbreviated as B/L or BOL) is a document issued by a carrier (or their agent) to acknowledge receipt of cargo for shipment. Although the term historically related only to carriage by sea, a bill of lading may today be used for any type of carriage of goods.[1] Bills of lading are one of three crucial documents used in international trade to ensure that exporters receive payment and importers receive the merchandise.[2] The other two documents are a policy of insurance and an invoice.[3] Whereas a bill of lading is negotiable, both a policy and an invoice are assignable. In international trade outside the United States, bills of lading are distinct from waybills in that the latter are not transferable and do not confer title. Nevertheless, the UK Carriage of Goods by Sea Act 1992 grants "all rights of suit under the contract of carriage" to the lawful holder of a bill of lading, or to the consignee under a sea waybill or a ship's delivery order.



Bill of lading

A bill of lading must be transferable,[4][5] and serves three main functions:

it is a conclusive receipt,[6] i.e. an acknowledgement that the goods have been loaded;[7] and

it contains or evidences[8] the terms of the contract of carriage; and

it serves as a document of title to the goods,[9] subject to the nemo dat rule.

Typical export transaction use Incoterms terms such as CIF, FOB or FAS, requiring the exporter/shipper to deliver the goods to the ship, whether onboard or alongside. Nevertheless, the loading itself will usually be done by the carrier himself or by a third party stevedore.

7 0
2 years ago
Other questions:
  • Steve went to his favorite hamburger restaurant with $3, expecting to buy a $2 hamburger and a $1 soda. when he arrived he disco
    10·1 answer
  • Global staffing has created political issues such as questioning U.S. federal legislation that restricts the number of high-skil
    12·1 answer
  • Triad Children's Center (TCC), a non-profit organization, uses relevant cost analysis to determine whether new services are desi
    11·1 answer
  • what countries represent the largest global business opportunities for the next decade? what factors determine the size of the o
    8·1 answer
  • The Casings Plant of Wyoming Machines makes plastics shells for the company’s calculators. (Each calculator requires one shell.)
    10·1 answer
  • When recording the payment of interest using the effective-interest method, the entry will include a ______ to Discount on bonds
    7·1 answer
  • Hall Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department
    7·1 answer
  • The marketing team at an electronics company felt strongly that their new product needed to be available by the first quarter in
    8·1 answer
  • A defendant wants to make sure the judge sees a document that proves his innocence His attorney should add this to the blank Its
    12·1 answer
  • A decrease in the inventory account during the year should be reported on the indirect method statement of cash flows as?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!