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Alex
3 years ago
11

You will receive 21 annual payments of $30,500. The first payment will be received 5 years from today and the interest rate is 5

.9 percent. What is the value of the payments today
Business
1 answer:
Yakvenalex [24]3 years ago
8 0

Answer:

$287,696.63

Explanation:

The computation of the value of the payments today is shown below:

Present value = Annuity × Present value of an annuity of 1

= $30,500 × 12.56362  

= $3,83,190.36

Now

Present value = Value determined above ×Present value of 1  

= $383,190.36 × 0.750793  

= $287,696.63

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An individual who previously worked as a salaried corporate attorney loses his or her job. Subsequently, the individual now work
Licemer1 [7]

This individual has experienced structural mobility

Structural mobility:

It happens when societal changes enable a whole group of people to move up or down the social class ladder. Structural mobility is attributable to changes in society as a whole, not individual changes.

In the first half of the twentieth century, industrialization expanded the U.S. economy, raising the standard of living and leading to upward structural mobility. In today’s work economy, the recent recession and the outsourcing of jobs overseas have contributed to high unemployment rates. Many people have experienced economic setbacks, creating a wave of downward structural mobility.

When analyzing the trends and movements in social mobility, sociologists consider all modes of mobility. Scholars recognize that mobility is not as common or easy to achieve as many people think. In fact, some consider social mobility a myth.

What is structural social mobility ?

The concept of structural social mobility refers to change in the social position of many people due to changes in society itself.

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4 0
1 year ago
Which of the following accurately describes the requirements banks must meet under a fractional reserve banking system? A. Banks
ikadub [295]

Answer:A,B,E,F

Explanation:

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5 0
3 years ago
Explain six Differences between private and public company​
elena-s [515]
<h3>Question:</h3>

•explain six Differences between private and public company.

Answer:

•In most cases, a private company is owned by the company's founders, management, or a group of private investors. A public company is a company that has sold all or a portion of itself to the public via an initial public offering.

Explanation:

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6 0
2 years ago
Selected data from the Florida Fruit Company are presented below: Total assets $1,500,000 Average total assets 1,850,000 Net inc
Mkey [24]

Answer:

13.5%

Explanation:

Relevant data provided for computing the profit margin which is here below:-

Net Income = $175,000

Net Sales = $1,300,000

The computation of profit margin is shown below:-

Profit Margin = (Net Income ÷ Net Sales) × 100

= ($175,000 ÷ $1,300,000) × 100

= 13.5%

Therefore for computing the profit margin we simply applied the above formula.

5 0
3 years ago
nikolaos is an ordained minister. he moved to indianapolis and lives in the nearby furnished parsonage, which is 1,500 square fe
siniylev [52]

Option D. The way that Nikolaos would be able to determine for the parsonage of the Indianapolis would be: Consult an Indianapolis realtor for a documented quote with comparable listings for the house.

<h3>What is meant by parsonage?</h3>

Old French personage and medieval Latin personagium, both of which imply "home for a person," are the origins of the word "parsonage." A house in the early church was frequently not much more than a priest's place to sleep.

A clergy house is where one or more priests or other religious leaders currently live or previously lived. Such homes may be referred to as manse, parsonage, rectory, or vicarage, among other names.

A recent sale of a property in your neighborhood that is comparable to yours in terms of location, size, condition, and features is known as a "comp," short for "comparable sale."

Comparable (similar) homes have to have equivalent market values, and thus comparable assessed values. Comparing the assessment of your home to the assessments of other comparable homes is one approach to determine whether it has been done fairly or uniformly.

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Nikolaos is an ordained minister. He moved to Indianapolis and lives in the nearby furnished parsonage, which is 1,500 square feet. His previous role was in Washington, D.C.; the fair rental value (FRV) of his parsonage (1,800 square feet) in Washington was $18,000/year.

How should he determine FRV for the Indianapolis parsonage?

Use the same FRV as the Washington, D.C. parsonage.

Reduce the Washington FRV by the size ratio of the new parsonage to the Washington home.

Estimate FRV based on other properties available in the area.

Consult an Indianapolis realtor for a documented quote with comparable listings for the house.

6 0
1 year ago
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