Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 03, 2024

A perpetuity has an annual payment of $85, and the required rate of the return for this special type of annuity is 5%. Whats the

A perpetuity has an annual payment of $85, and the required rate of the return for this special type of annuity is 5%. Whats the estimated value of this perpetuity?

Group of answer choices

$850

$1,700

$4.25

$170

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Oxford Handbook Of The Sociology Of Finance

Authors: Karin Knorr Cetina, Alex Preda

1st Edition

0198708777, 978-0198708773

More Books

Students also viewed these Finance questions

Question

★★★★★

Five males with an X-linked genetic disorder have one child each. The random variable x is the number of children among the five who inherit the X-linked genetic disorder. x P(x)...

Answered: 1 week ago

Question

★★★★★

Describe the five steps in accounting for the manufacturing activity of a processing department, and indicate how they interrelate. LO1

Answered: 1 week ago

Question

★★★★★

In what specific ways, could the school team make changes to ensure more effective school-family collaboration? (D7)

Answered: 1 week ago

Question

★★★★★

Document for Analysis: Information Request Your Task. Analyze the following poorly written letter, and list its weaknesses. If your instructor directs, revise it using the suggestions you learned in...

Answered: 1 week ago

Question

★★★★★

2. The following information is for Benitez Company for 2016: Beginning Inventory: 300 units @ $25 Purchase April 8: 150 units @ $30 Purchase Sept 12: 250 units @ $34 Sales: 590 units @ $50 Required:...

Answered: 1 week ago

Question

★★★★★

A worker-machine operation was found to involve 3.0 minutes of machine time per cycle in the course of 40 cycles of stopwatch study. The worker's time averaged 1.5 minutes per cycle, and the worker...

Answered: 1 week ago

Question

★★★★★

Question two Ever since he was a small boy Nephew has dreamed of owning a car repair business. Following high school, Nephew borrows money from Bankco and enrolls and pays his own way through...

Answered: 1 week ago

Question

★★★★★

To deal with the continuous disappointing news in the job market, government increased spending. The short-run effect of the policy is ________ a.economic expansion and lower interest rate. b.no...

Answered: 1 week ago

Question

★★★★★

This house is new and how to set up the network in this house? CLOSET BATH 3 CLOS MASTER BATH SITTING 8'6"X7'0" BALCONY 10'4"x5'8" MASTER WARDROBE MASTER SUITE 18'0"x14'0" UTILITY LIFT DEN...

Answered: 1 week ago

Question

★★★★★

A U.S. parent has a subsidiary in Canada. Its account balances are measured in Canadian dollars. If the parent's reporting currency is the U.S. dollar and the subsidiary's functional currency is the...

Answered: 1 week ago

Question

★★★★★

Rome Restaurant has the opportunity to purchase a new pizza oven for their new line of pizzas. This oven has a cost of $60,000 and will yield the following cash flows: Year 1: $12,000 Year 2: $12,500...

Answered: 1 week ago

Question

★★★★★

3 What kinds of presentations do you think would work best as podcasts? What kinds would not work well? Are podcasts useful outside academia?

Answered: 1 week ago

Question

★★★★★

Consider your specific speech purposewhat are your objectives for your informative speech? Now consider what types of presentation aids might help you achieve your purpose. How might you use aids to...

Answered: 1 week ago

Question

★★★★★

2 Imagine that you have to give an informative speech about a sexual topic in front of your nursing class. How would you approach the subject? Would you handle it differently if you were speaking in...

Answered: 1 week ago

Previous Question Next Question