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GenaCL600 [577]
3 years ago
5

Holy macaroni! That's Almost It!

Business
2 answers:
IrinaK [193]3 years ago
6 0

Answer:

Virtually all of the 7 million millionaires in the United States learned how to make smart decisions by doing their homework.

Answer: Option 7.

Explanation:

timofeeve [1]3 years ago
4 0

Answer:

2,3,7 and the last one

Explanation:

Just had the same question and went back into the lesson to look . THESE TAKE FOREVER HAHA

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a 17-year annuity pays $1,100 per month, and payments are made at the end of each month. The interest rate is 16 percent compoun
zzz [600]

Answer:

The present value of the annuity is $73,091.50

Explanation:

Use the following formula to calculate the present value of the annuity

Present value of annuity = ( Annuity Payment x Annuity factor for first 6 years ) + [ ( Annuity Payment x Annuity factor for after 6 years ) x Present value factor  for 6 years ]

Where

Annuity Payment = $1,000

Annuity factor for first 6 years = 1 - ( 1 + 16%/12 )^-(6x12) / 16%/12 = 46.10028344

Annuity factor for after 6 years = 1 - ( 1 + 13%/12 )^-((17-6)x12) / 13%/12 = 70.0471029820

Present value factor for 6 years = ( 1 + 16%/12)^-(6x12) = 0.385329554163

Placing values in the formula

Present value of annuity = ( $1,000 x 46.10028344 ) + [ ( $1,000 x 70.0471029820 ) x 0.385329554163 ]

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