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Bezzdna [24]
3 years ago
14

An annuity immediate pays 15 at the end of years 1 and 2, 14 at the end of years 3 and 4 and so on. The payments decrease by 1 e

very second year until nothing is paid. The effective annual interest rate is 6%. Calculate the present value of this annuity
Business
1 answer:
Inessa05 [86]3 years ago
3 0

Answer:

$138.63

Explanation:

I used an excel spreadsheet and the NPV function to determine the present value of this annuity. The present value of this annuity is $138.63

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The _____ established a minimum wage and overtime pay for employees working more than 40 hours a week.
r-ruslan [8.4K]

According to the historical and information record, the <u>Fair Labor Standards Act of 1938</u> established a minimum wage and overtime pay for employees working more than 40 hours a week.

<u>Fair Labor Standards Act of 1938</u> was made to improve the working conditions of employees and also protect their rights against exploring employers.

The <u>Fair Labor Standards Act of 1938</u> established standards on minimum wage, working hours, and oppressive child labor.

Hence, in this case, it is concluded that the correct answer is the "<u>Fair Labor Standards Act of 1938."</u>

Learn more here: brainly.com/question/15966261

6 0
2 years ago
Leahy Corp. sells $300,000 of bonds to private investors. The bonds are due in five years, have a 6% coupon rate, and interest i
emmasim [6.3K]

Answer:

c. $326,948

Explanation:

we must determine the market price of the bonds:

market price = PV of face value + PV of coupons

  • PV of face value = $300,000 / (1 + 2%)¹⁰ = $246,104.49
  • PV of coupons = $9,000 (coupons) x 8.9826 (PV annuity factor 2%, 10 periods) =   $80,843.40

total market price = $326,947.89 ≈ $326,948

since the market rate is lower than the coupon rate, the bonds should be sold at a premium.

3 0
3 years ago
Your vehicle's _____ affects its inertia.
Paul [167]

Answer:

Your vehicle's brakes affects its inertia.

Explanation:

Newton's first law of motion: "An object at rest stays at rest and an object in motion stays in motion with the same speed and in the same direction unless acted upon by an unbalanced force." So the build up of inertia can only be affected by the vehicles brakes. If it's an act outside of the vehicle's control the answer may be road or weather conditions.

3 0
2 years ago
Which of the following is considered a capital asset for federal income tax purpose?
Alex73 [517]

Answer:

b) Land used in your business

Explanation:

For tax purposes the IRS classifies capital assets as those that have a productive life of more than one year and is not normally sold during the course of a business's operations.

Capital assets are a type of production cost, they are used in the production process to generate revenue.

They are expensed over the useful life of the asset in the form of depreciation.

Land is an example of capital assets for the purpose of federal income tax.

It provides the site of production and is not an item that is sold in the short run. Rather it is used over several years.

5 0
3 years ago
Macroeconomics studies all of the following EXCEPT which one?
KatRina [158]
D. why a specific consumer made a specific choice
6 0
3 years ago
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