Business, 28.01.2020 03:31 yeseniabustillos24

Suppose a pension company sells a different kind of annuity. if you buy this annuity, then you will get $45,000 per year for 30 years. but the first cash-flow will be made 5 years from your purchase of the annuity. the interest and discount rates are 2%/year, compounded annually. what is the present value of this annuity? (hint: you need to take 2 steps to find the present value of this different kind of annuity. compute the present value of this annuity at 4 years from now, not as of today, using the standard annuity formula. then, compute its present value (as of today) again using the present formula for a single cash-flow treating the answer from the first step as one hypothetical single cashflow in 4 years.) 1. $931,088.84 2. $933,088.84 3. $935,088.84 4. $937,088.84 5. $939,088.84

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 13:10

Lin corporation has a single product whose selling price is $136 per unit and whose variable expense is $68 per unit. the company’s monthly fixed expense is $32,400. required: 1. calculate the unit sales needed to attain a target profit of $5,000. (do not round intermediate calculations.) 2. calculate the dollar sales needed to attain a target profit of $8,400.

Answers: 3

Answer

Business, 22.06.2019 17:30

Gary lives in an area that receives high rainfall and thunderstorms throughout the year. which device would be useful to him to maintain his computer?

Answers: 2

Answer

Business, 22.06.2019 20:50

You are bearish on telecom and decide to sell short 100 shares at the current market price of $50 per share. a. how much in cash or securities must you put into your brokerage account if the broker’s initial margin requirement is 50% of the value of the short position? b. how high can the price of the stock go before you get a margin call if the maintenance margin is 30% of the value of the short position? (input the amount as a positive value. round your answer to 2 decimal places.)

Answers: 3

Answer

Business, 22.06.2019 23:50

Juniper company, inc. uses a perpetual inventory system. the company purchased $9,750 of merchandise on august 7 with terms 1/10, n/30. on august 11, it returned $1,500 worth of merchandise. on august 16, it paid the full amount due. the correct journal entry to record the payment on august 16 is:

Answers: 1

Answer

You know the right answer?

Suppose a pension company sells a different kind of annuity. if you buy this annuity, then you will...

Questions