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Len [333]
3 years ago
8

4. An investment offers $10,000 per year for 20 years. If an investor can earn 6 percent annually on other investments, what is

the current value of this investment
Business
1 answer:
telo118 [61]3 years ago
8 0

Answer:

PV= $114,699.21

Explanation:

Giving the following information:

Annual payment= $10,000

Number of years= 20

Interest rate= 6%

<u>To calculate the present value, we need to use the following formula:</u>

PV= A*{(1/i) - 1/[i*(1 + i)^n]}

A= annual payment

PV= 10,000*{(1/0.06) - 1 / [0.06*(1.06^20)]}

PV= $114,699.21

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3 0
3 years ago
Read 2 more answers
Talia, a project manager, estimates that a project will take a year to complete. She gets the estimation approved, although it i
Advocard [28]

Answer:

The correct answer is: the planning fallacy.

Explanation:

The planning fallacy is the paradox referring to projecting the length it will take to accomplish an objective longer than what it could take. The mistaken assumption happens because individuals tend to compare the time it will take them to reach their objectives with the time it took others to achieve the same goals.

6 0
3 years ago
Lem Co., which accounts for treasury stock under the par value method, acquired 100 shares of its $6 par value common stock for
In-s [12.5K]

Answer:

Additional paid in capital decrease by 100 as a result of the acquisition

Explanation:

Treasury Stock 600 (100 shares x $6)

Additional Paid-In Capital 100 (100 shares x $1)

cash 1,000 (100 shares x $10)

Additional Paid-In Treasury Stock 300

7 0
3 years ago
When Corinne asked why she didn't get the job, the manager replied, "I needed someone who understood basic accounting practices
OLga [1]

Answer:

The aspect of career readiness the manager feel Corinne was lacking was Knowledge

Explanation:

Career readiness is the preparation and process of acquiring skills, knowledge, talents that are required to start a career, maintain one's position in such career and grow.

The aspect of career readiness the manager feel Corinne was lacking was Knowledge because see made a statement that implied that Corinne lack basic understanding of accounting practice.    

Knowledge  is an aspect of career readiness that has to do with the theoretical or practical  understanding of a subject matter. It is the information, skills and facts gained through experience and education.

Other skills that are acquired in the process of career readiness are communication skills, human relation skills, critical thinking skills etc.

5 0
3 years ago
The significant event at the conclusion of each phase is called _____. Group of answer choices tasks deliverable milestone seque
PtichkaEL [24]

The significant event at the conclusion of each phase is called a milestone.

  • A milestone in your life is an important occasion. A turning point frequently ushers in a fresh chapter. For instance, your high school graduation was a significant event in your life. A roadside signpost that indicates the distance to a specific point is referred to as a milestone.
  • Birthdays celebrated at milestone ages are those extra-special ages that call for more than simply a card and cake. Important childhood milestones that typically require a sizable party and an especially thoughtful present include a first birthday and turning 13 years old.
  • A crucial moment or stage in the existence, development, or similar of a person, a country, etc. Her career reached a turning point when she was hired as a supervisor.

Thus this is the answer.

To learn more about milestone in life, refer:brainly.com/question/25605883

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7 0
2 years ago
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