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]
2 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]2 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
An investor owned a 100-acre parcel that contained several natural asphalt lakes. A construction company was erecting highways f
Leona [35]

Answer: Yes

Explanation:

The construction company is entitled to compensation because it has a property right to enter and remove minerals.

The investor gave the construction company the right to use the properties on the land, if anything would be done on the land, the construction company should be compensated because they bought the right to do business there. Since the owner granted them the sole right, they are entitled to the resources.

7 0
3 years ago
The fed is often considered the bankers' bank because it:
miss Akunina [59]
Hello there,
[]_________________________________________________________[]

First of all this is a easy one! The "Federal Reserve" is considered the bankers' bank because it <span>holds bankers reserves, provides banks with currency and loans, and clears their checks. Therefore cannot be touched by civilians / citizens.
[]_________________________________________________________[]

Hope I was able to help!
[Mark Brainliest] - Certified Correct?</span>
3 0
3 years ago
If there are two identical companies, one financed 100% equity and the other 50% equity and 50% debt, which would be worth more
Umnica [9.8K]
The one with 100% equity?
5 0
3 years ago
When an economy suffers from low production, a country cannot
Mumz [18]

A country cannot enjoy a steady rate of economic growth if an economy suffers from low production.

There would be no way to keep up with demand, take advantage of economies of scale, etc. This would make it difficult to sustain growth into the future.

8 0
3 years ago
Read 2 more answers
Investigate any Five criteria that the project must demonstrates
Andru [333]

The project must demonstrate, one, the problem you are trying to solve. Two, the solution of the problem, how innovative it is and compelling. Three, what did you learn throughout the project. Four, accuracy of the conclusion of the project. And lastly, how were you able to effectively present and demonstrate the project to your audience.

4 0
2 years ago
Other questions:
  • Brent received a report from the production and purchasing departments with the following values for August: Actual materials qu
    9·1 answer
  • Cash-basis vs. accrual-basis accounting?
    12·1 answer
  • The following balance sheet for the Los Gatos Corporation was prepared by a recently hired accountant. In reviewing the statemen
    9·1 answer
  • Why do economists calculate GDP by both the expenditure approach and the income approach?a. economists disagree on the best meas
    10·1 answer
  • Diane, a police officer, stops Tim's car for a traffic offense. While talking to Tim, she shines a flashlight into the passenger
    15·1 answer
  • Aria has a credit card that gives a 5% discount on every purchase and free shipping when used online. The annual percentage rate
    6·1 answer
  • A trip arranged by a travel professional that has at least two travel components is called _____.
    6·2 answers
  • Schell Company manufactures automobile floor mats. It currently has two product lines, the Standard and the Deluxe. Schell has a
    12·1 answer
  • Aggregate planning is capacity planning that typically covers a time horizon of one to three months. True or false?
    8·1 answer
  • Metcalf Company leases a machine from Vollmer Corp. under an agreement which meets the criteria to be a finance lease for Metcal
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!