1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Juli2301 [7.4K]
3 years ago
10

An investment offers $2,374 per year for 13 years, with the first payment occurring 1 year from now. If the required return is 8

percent, what is the value of the investment
Business
1 answer:
Rom4ik [11]3 years ago
6 0

Answer:

PV=  $18,763.56

Explanation:

Giving the following information:

Annual payment (A)= $2,374

Number of payments= 13

Discount rate (i)= 8%

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

<u></u>

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

PV= 2,374*{(1/0.08) - 1 / [(0.08*(1.08^13)}}

PV=  $18,763.56

You might be interested in
Consider the market for smartphones. Explain whether the following events would cause an increase or a decrease in supply or an
kumpel [21]

Answer:1. Increase in supply; increase; decrease

2. Decrease in supply; decrease; increase

3. Increase in supply; increase; decrease

4. Decrease in quantity supplied; decrease; decrease

Explanation:

3 0
4 years ago
Why was stock bought on margin considered a risky investment?
Andreas93 [3]
Stock bought on margin considered a risky investment because investors purchased the stocks with little cash down; if the price dropped the investor had to repay the loan. In investment the higher the risk the higher the return, it will be beneficial for the investors but more risky. 
7 0
4 years ago
These are the last questions of my test PLEASE help i will give brainliest i need to get it done 10 minute!!!
cluponka [151]

25. business reporter and choir director

26. so when you go to high school you can know what you want to major in and help find scholarships

27.Physician Assistant and Psychiatric Technician

28.sorry that i dont know i tried

7 0
3 years ago
Ten opinions on "discipline and successful life"​
erastovalidia [21]

Answer:

graditude

forgiveness

meditation

active goal setting

eat healthy

sleep

exersize

organisation

time management

persistance

3 0
4 years ago
Explain why market power leads to deadweight loss. Firms with market power create deadweight loss because they A. charge a price
Readme [11.4K]

Answer:

A) Charge a price that is greater than marginal cost to maximize profits.

Explanation:

The more market power a company has, the more it will tend to act like a monopoly. For example, Microsoft is not considered a monopoly because it is the only software company in the world, but because its market power in the PC business is so large that it dominates the industry.

5 0
3 years ago
Other questions:
  • Dragon Autos Inc., an automobile company based in the country of Bear Island, made a capital investment of $300,000 to set up pr
    8·1 answer
  • What is the e-file rejection error for an Invalid bank account or routing transit numbers?
    11·1 answer
  • Firms that specialize in performing international business services for SME and new-to-export companies, as commission represent
    9·1 answer
  • Resources are:
    8·1 answer
  • ---is the process of continually collecting information from the external marketing surroundings.
    6·1 answer
  • Overland Corporation is authorized to issue 250,000 shares of $1 par value common stock. During 2020, Overland Corporation took
    10·1 answer
  • While pollution regulations yield the benefit of a cleaner environment and the improved health that comes with it, the regulatio
    15·1 answer
  • What are the positive and negative aspects of taxation?
    9·1 answer
  • Listening involves understanding what is heard true false ?
    9·1 answer
  • Suppose that you deposit $2,000 in your bank and the required reserve ratio is 10 percent. The maximum loan your bank can made a
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!