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
The national do not call registry was created to give americans a tool for maintaining their privacy on home telephone lines. mo
Oliga [24]
<span>The national do not call registry was created to give americans a tool for maintaining their privacy on home telephone lines. More than 60 percent of all households are registered.</span>
5 0
3 years ago
Capitalism is an economic system in which privately owned businesses and individuals attempt to make a profit in a free market.
DaniilM [7]
Capitalism is indeed an economic system in which privately owned businesses and individuals attempt to make a profit in the free market. The aspects of private ownership of businesses and working for profit are essential factors of capitalism as a theory and also as it is practiced. 
3 0
3 years ago
Business cycles ___________.
Amanda [17]

Answer:

Are ups and downs in the level of economic activity

Explanation:

Business cycles is defined as the various ups and downs in the economic activities of a particular nations. These ups and downs are generally measured by the fluctuations in the macro economic variables. These macro economic variables includes:

(i) Gross domestic product (GDP)

(ii) Employment

(iii) Rate of consumption

There are four major phases in the process of business cycle are as follows:

(i) Expansion

(ii) Peak

(iii) Contraction

(iv) Trough

7 0
3 years ago
Big Homes Corporation is an accrual method calendar year taxpayer that manufactures and sells modular homes. This year for the f
Nina [5.8K]

Answer:

What amount of the rebates, if any, can Big Homes deduct this year?

$19500

Explanation:

$19,500 if this amount is not material, Big Homes could  continue  offering rebates in next sells, in addition expects to pay the accrued rebates before filing their tax return for this year.

4 0
3 years ago
How many people went or is still going to vo-tech in Bloomsburg pa?<br><br>i need some advice
oksano4ka [1.4K]

Tours will be held on the following evenings, for the school districts listed. Times are 6:00 – 8:00 PM on these nights:

* Danville – February 3rd and 4th

* Central Columbia and Millville – February 10th and 11th

* Berwick – February 16th

* Southern Columbia and Bloomsburg – February 17th and 18th

7 0
3 years ago
Read 2 more answers
Other questions:
  • A(n) _____ is awarded on the basis of financial need. You will not be charged any interest before you begin repayment or during
    9·1 answer
  • A server administrator is configuring access control on a file server for an organization. The Human Resources manager is taking
    8·1 answer
  • Lightning Electronics is a midsize manufacturer of lithium batteries. The company’s payroll records for the November 1–14 pay pe
    9·1 answer
  • The XYZ Company is a world leader in medical device manufacturing. Aiming to continue its market position in this industry, the
    15·1 answer
  • The _____ method uses independent and dependent variables to reveal cause-and-effect relationships.a) descriptiveb) correlationa
    13·1 answer
  • Which is part of the sales process? A. customer retention B. billing C. cost planning D. customer relations
    7·1 answer
  • When a business does not generate enough revenue to cover salaries, rent, and other expenses, it incurs a _____.
    12·1 answer
  • Most child care providers will never find themselves caring for a child with asthma.
    11·1 answer
  • Which of the following is an example of a substitute for leadership within an organization?
    13·1 answer
  • At August 31, 2022, Carla Vista Company has this bank information: cash balance per bank $10,690; outstanding checks $840; depos
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!