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
iogann1982 [59]
3 years ago
9

Assume you are to receive a 30-year annuity with annual payments of $2,000. The first payment will be received at the end of Yea

r 1, and the last payment will be received at the end of Year 30. You will invest each payment in an account that pays 6 percent annually compounded interest. What will be the value in your account at 55 years from today?​
Business
1 answer:
max2010maxim [7]3 years ago
6 0

Answer:

Total FV= $678.615.02

Explanation:

<u>First, we need to calculate the value of the annuity at the end of the last payment:</u>

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

A= annual deposit

FV= {2,000*[(1.06^30) - 1]} / 0.06

FV= $158,116.37

<u>Now, the total future value after 25 years:</u>

FV= PV*(1 + i)^n

FV= 158,116.37*(1.06^25)

FV= $678.615.02

You might be interested in
The difference between errors in the financial statemetns as compared to fraud is
Nataly [62]
Hello there!

There is quite a HUGE difference between these both. When being frauded or making a fraud, this would also be known as stealing money.

But when making a mistake in a statement, they can be things resolved faster than if a person were to steal money. When making this mistake, you could resolve this by explaining why this was a mistake and also what could you do to fix it as well.

Both of these kind of acts are seriously two major different things, they have nothing in common.

4 0
3 years ago
Examples of transaction costs include ​(check all that​ apply): A. the cost of the externality. B. the cost of monitoring an agr
Paha777 [63]

Answer:

The correct answer is option B, C, and E.

Explanation:

Transaction cost refers to the cost incurred on resources and time necessary for facilitating exchange of goods and services.

Among the given options, the examples of transaction cost is cost of monitoring an agreement, the cost of drafting a contract or agreement, and the time required to negotiate an agreement.

All these costs are incurred in order to facilitate exchange of goods and services.

The problem of externalities can have efficient private solution if these transaction costs are low otherwise the governement has to intervene to efficiently allocate resources.

3 0
3 years ago
Southwest airlines' "ding" widget pops up on your computer desktop to let you know of lower fares to cities you want to visit. t
GREYUIT [131]
<span>Southwest airlines' "ding" widget pops up on your computer desktop to let you know of lower fares to cities you want to visit. this is an example of a reminding promotion objective. Southwest is using this way of letting customers know bigger and better deals on airlines by reminding them of their service each time it pops up. When the consumer gets the </span>notification from the widget, they are reminded and thinking about the Southwest airlines brand. 
8 0
3 years ago
The clowns made up 50 percent of the performers in the circus this year how many clowns were at the circus this year
DIA [1.3K]
I'm guessing you multiply 50, 2x
4 0
3 years ago
In order to examine the potential success of its 1/3 pound Angus hamburger, McDonald's started offering and promoting the produc
maks197457 [2]

Answer: Test marketing

Explanation:

 The test marketing is one of the concept that helps in explaining the various type of marketing and the business field concepts as it providing the various types of opportunities for testing the goods.

The man aim of the test marketing is that it evaluating the overall sales performance of an specific organization.

According to the given question, the McDonald's is start promoting and also offer the various types of products and examining the success this is known as the test marketing evaluation process.

 Therefore, Test marketing is the correct answer.

   

8 0
3 years ago
Other questions:
  • Which is true about what a customer typically expects from a support technician?
    5·1 answer
  • Larsen Corporation reported $200,000 in revenues in its 2021 financial statements, of which $66,000 will not be included in the
    15·1 answer
  • One method of setting price using the cost-plus method is to add
    8·1 answer
  • Angie’s Bake Shop makes birthday chocolate chip cookies that cost $3 each. Angie expects that 12% of the cookies will crack and
    11·1 answer
  • Ruth, a cashier at a private bank, strongly believes that no matter how much effort she puts in or how many hours she works over
    8·1 answer
  • CA5-5 WRITING (Cash Flow Analysis) The partner in charge of the Kappeler Corporation audit comes by your desk and leaves a lette
    6·1 answer
  • Sarah has been working full-time at Eve's Golf Inc. for three years. While at college, she worked as a part-time employee at Bur
    7·1 answer
  • Haskins Company employs material handling employees who move materials between production divisions at a labor cost of $360,000
    12·1 answer
  • Jane recently accepted a position as an Associate Professor of Management at Central State University. She has found that nearly
    7·1 answer
  • Each of the statements below are true about inflation EXCEPT
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!