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KonstantinChe [14]
2 years ago
13

You have just signed a contract for your rental property and you will make monthly payments at the beginning of each month. Your

monthly payments is $1000 and the monthly rate is 4% per month. Calculate the present value of your rental payments for the first year.
Business
1 answer:
Mekhanik [1.2K]2 years ago
3 0

Answer:

$9,760.48

Explanation:

Present value of annuity due = P* [[1 - (1+r)^-(n-1)] / r] + P. Where P = Periodic payment = $1,000, r = Rate of interest per period 4% (0.48/12), n = number of payments 12 (12*1)

Present value of annuity = $1000 * [[1 - (1 + 0.04)^-(12-1)] / 0.04] + $1000

Present value of annuity = $1000*8.760475 + $1000

Present value of annuity = $8760.48 + $1000

Present value of annuity = $9,760.48

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The firm should decrease the amount of capital used.

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A manager hires labour and rents capital equipment in a very competitive

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2 years ago
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\huge{ \underline{ \underline{ \mathtt{ \purple{A} \pink{N} \green{S} \blue{W} \red{E} \orange{R}}}}}♡

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2 years ago
A study of top executives at fortune 500 companies discovered that the single biggest reason for managerial failure is:
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Poor interpersonal skills.
4 0
3 years ago
The feed that Luca exports from his point of sale system needs some cleanup before it will be accepted by Google Merchant Center
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2 years ago
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Answer:

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7 0
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