Answer:
Present Value of Annuity is $1,263,487
Explanation:
A fix Payment for a specified period of time is called annuity. The discounting of these payment on a specified rate is known as present value of annuity.
Formula for Present value of annuity is as follow
PV of annuity = P x [ ( 1- ( 1+ r )^-n ) / r ]
Where
P = Annual payment = $91,000
r = rate of return = 5.15%
n = number of years = 25 years
PV of annuity = $91,000 x [ ( 1- ( 1+ 0.0515 )^-25 ) / 0.0515 ]
PV of Annuity = $1,263,487
The purpose of the Digital Millennium Copyright Act is to improve protection of copyrighted digital products.
<h3>What is the Digital Millennium Copyright Act?</h3>
It is an Act by the U.S. Congress that aims to make it harder to engage in using copyrighted materials without authorization.
It does this by making it illegal to produce technology or devices that help people use copyrighted materials without permission.
In conclusion, option D is correct.
Find out more on copyrights at brainly.com/question/357686.
Answer: A.) $1,095
Explanation:
Bond value = $30,000
Rate = 7%
Period = 10 years
Issue price = $29,100
Bond value × rate :
30,000 × 0.07 = $2100
Semi annually:
$2100 / 2 = $1050
(Bond value - issue price) ÷ (period × 2)
($30,000 - $29,100) / (10 × 2)
$900 ÷ 20 = $45
$1050 + $45 = $1,095
Answer:
it enables people to use money wisely
Explanation:
this is because a specific amount of money will be provided for a specific reason
