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AleksAgata [21]
3 years ago
8

The present value interest factor for an annuity with an interest rate of 8 percent per year over 20 years is ____.

Business
1 answer:
lianna [129]3 years ago
8 0

The present value factor of an annuity that will mature in 20 years at an interest rate of 8% is <u>9.8181474.</u>

<h3>What is the present value interest factor?</h3>

It can be found by using the present value of an annuity formula of:

= Amount x ( 1 - ( 1 + rate) ^ - number of periods) / Rate

As there is no amount, solving gives:

= ( 1 - ( 1 + 8%) ⁻²⁰) / 8%

= 9.8181474

In conclusion, it is 9.8181474.

Find out more on present value of annuity at brainly.com/question/25792915.

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3 years ago
What is 1,000 yen in the usa
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4 years ago
BP ignored some safety regulations in order save $1 Million per day on the Horizon Deep Water Drilling Platform. How much did th
aleksklad [387]

Ignoring some safety regulations in order save $1 Million per day. The amount that  those violations end up costing the company is $100 Billion.

<h3>What is safety regulation?</h3>

Safety regulation can be defined as a set of rules and regulation that an employees are mandated to follow so as to prevent work hazard.

Based on the given scenario ignoring the safety regulation so as to save $1 million per day  will cost the company $100 Billion.

Which is why companies made it compulsory for employees to follow the saftey standard set so as to ensures that employees work in a safe and conducive environment .

Inconclusion the amount that  those violations end up costing the company is $100 Billion.

Learn more about Safety regulation here:brainly.com/question/8430576

4 0
2 years ago
Carter Corporation made sales of $900 million during 2016. Of this amount, Carter collected cash for $871 million. The company's
CaHeK987 [17]

Answer: (a) $295 million

(b) $326 million

Explanation:

Given that,

Sales = $900 million during 2016

Cash = $871 million

Cost of goods sold = $280 million

Expenses for the year totaled = $325 million

Paid for Inventory = $375 million

Paid for everything else = $285 million

Beginning cash = $115 million

(a) Net Income = Sales - Cost of goods sold - Expenses for the year totaled

                        = $900 - $280 - $325

                        = $295 million

(b) Carter's cash balance at the end of 2016:

= Cash + Beginning cash - Paid for Inventory - Paid for everything else

= $871 + $115 - $375 - $285

= $326 million

4 0
3 years ago
Rocco earns​ $19.00 per hour for straight time​ (40 hours), and the company pays him​ time-and-a-half for overtime. he worked 49
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