All categories

3 years ago

What is the present value of an annuity that pays $58 per year for 13 years and an additional $1,000 with the final payment

Business

1 answer:

Doss [256]3 years ago

6 0

Answer:

$882.03

Explanation:

Interest rate used is 7.23%

Present value is the sum of discounted cash flows

Present value can be calculated using a financial calculator

Cash flow in year 1 to 12 = 58

cash flow in year 13 = 1058

I = 7.23

To find the PV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

You might be interested in

Batista Company management wants to maintain a minimum monthly cash balance of $19,900. At the beginning of April, the cash bala

9966 [12]

Answer:

the amount must be borrowed is $8,900

Explanation:

The computation of the amount must be borrowed is shown below:

Opening cash balance $19,900

Add: cash receipts $244,400

Less: cash disbursements -$253,300

Cash balance after disbursements $11,000

Minimum monthly cash balance $19,900

Amount to be borrowed $8,900

hence, the amount must be borrowed is $8,900

4 0

3 years ago

Listening well is an important skill that falls under what skill category?

olchik [2.2K]

Answer:

Explanation:

3 0

2 years ago

When Julia was young, she and her mother would have a girls' night out every month. They would go shopping, watch a movie, and h

Irina-Kira [14]

Answer:

The correct answer is letter "B": episodic memory.

Explanation:

Episodic memory stores unique specific personal experiences. The perception of this event is different from each individual who experienced it. Episodic memory relates factors such as emotions, objects or places at the time the experience is remembered by the individual.

7 0

3 years ago

Changes in the PPI can predict changes in the consumer price index because

Lelu [443]

Producers often pass along price increases to customer.

5 0

3 years ago

In which ways did munsterberg suggest that psychologists could contribute to industry?

kenny6666 [7]

Munsterberg suggest that psychologists could contribute to industry in the ways as listed below:

Identifying people suitable for a specific job
Identifying the psychological conditions that will bring out the best from a worker
identifying optimum management strategies that will unite the employees to the organization's goal

<h3>Who is a psychologist?</h3>

A psychologist refers to an expert in psychology where psychology studies the mental health. This discipline deals greatly in how human behaves and the reason for such behavior.

Psychologists play a greater impact in making people act in a certain way since they can guess intelligently on the expected behavior of an individual under a given circumstance. This abilities of psychologists enabled Munsterberg to make the suggestions listed

Read more on psychology here: brainly.com/question/12011520

#SPJ1

4 0

1 year ago