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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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Why do lenders request to look at your credit report before you can borrow money?
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The correct answer is letter "D": They want to see how responsible you are in making payments on existing debt.

Explanation:

Credit reports are documents displaying the credit history of individuals. They allow lenders to know what the credit behavior of an individual is, thus, have an idea if that person could repay the amount of a loan or is likely to fall into debt. The three major credit bureaus in the U.S. are <em>Equifax, Experian, </em>and <em>TransUnion</em>.

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What is plagarism in a essay ​
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copying another form of writing

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Connor and demi are employees of ecocrop corporation. under the equal pay act, ecocrop can legitimately pay different wages on t
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Connor and demi are employees of Eco crop corporation. under the equal pay act, Eco crop can legitimately pay different wages on the basis of seniority.

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brainly.com/question/15431287

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6 0
2 years ago
Banc Corp. Trust is considering either a bankwide overhead rate or department overhead rates to allocate $396,000 of indirect co
kirill [66]

Answer:

overhead rate = 18 per hours

Explanation:

given data

indirect costs = $396,000

Department         DLH                      Loans Processed                Direct Costs

Consumer         14,000                   700                                        $280,000

Commercial       8,000                    300                                       $180000

to find out

overhead rate

solution

we get here overhead rate that is express as

overhead rate = \frac{indirect\ cost}{total\ DLH} ...............1

put here value

overhead rate = \frac{396000}{14000+8000}  

overhead rate = 18 per hours

4 0
3 years ago
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