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Finger [1]
3 years ago
11

Baxter desires to purchase an annuity on January 1, 2014, that yields him five annual cash flows of $10,000 each, with the first

cash flow to be received on January 1, 2017. The interest rate is 10% compounded annually. What is the cost (present value) of the annuity on January 1, 2014
Business
1 answer:
EleoNora [17]3 years ago
8 0

Answer:

$313,288.16

Explanation:

Present value is the sum of discounted cash flows

present value can be calculated using a financial calculator

Cash flow in year 1 and 2 = 0

Cash flow in year 3 to 7 = $10,000

I = 10%

Present value = $313,288.16

To find the PV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

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Based on the systems viewpoint, a restaurant’s ability to accept cash, credit, or both, is associated with transformational processes

This is further explained below.

<h3>What is transformational processes?</h3>

A transformation process may be thought of as any activity or combination of activities that takes two or more inputs, modifies and adds to those inputs, and creates outputs for customers or clients.

The demand from the outside world to conform to ever-shifting circumstances and needs in order to achieve one's business objectives is what drives the long-term change management process which is known as business process transformation.

In conclusion, according to the systems view, transformational processes are connected to the ability of a restaurant to accept cash, credit, or both forms of payment.

Read more about transformational processes

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complete question

Based on the systems viewpoint, a restaurant's ability to accept cash, credit, or both, is associated with which part of a system? Multiple Choice

financial

transformational processes

outputs

feedback

inputs

8 0
1 year ago
The right to trade an investment over a certain period of time is called a(n):
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The right to trade in investment over a certain period of time is called C. Option.
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3 years ago
Since the FICA tax is split equally between employers and employees, we can conclude that the incidence of this tax is also equa
shepuryov [24]

Answer:

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Answer:

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