Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 13, 2024

An annuity costs 13274.62 dollars now and it will provide annual payments of 2500 dollars, with the first payment to come 8 years from now.

The annual effective rate of interest is 9%.

How many payments does the annuity make?

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 Essential Credit Repair Handbook

Authors: Deborah McNaughton

1st Edition

160163160X, 978-1601631602

More Books

Students also viewed these Finance questions

Question

★★★★★

Kamitra Smith was a catering specialist for TLC Catering, a food service business. TLC's catering specialists were authorized to make catering contracts with customers and to serve food in compliance...

Answered: 1 week ago

Question

★★★★★

Conduct a 5-forces analysis of Pacific Coffee Co. Ltd Threat of Entry Threat of Rivalry Threat of Substitutes Threat of Powerful Suppliers Threat of Powerful Buyers

Answered: 1 week ago

Question

★★★★★

Newbury Comics was started without a formal business plan. If you were writing its plan today, what critical risks and assumptions would you examineand why? The two college students who started...

Answered: 1 week ago

Question

★★★★★

Waters, Inc., has outstanding a $100 million (face value) issue of bonds. The bonds pay a coupon rate of interest of 8 percent per annum. At the time the bonds were first issued, they sold at face...

Answered: 1 week ago

Question

★★★★★

An annuity costs 13274.62 dollars now and it will provide annual payments of 2500 dollars, with the first payment to come 8 years from now. The annual effective rate of interest is 9%. How many...

Answered: 1 week ago

Question

★★★★★

6. Given an array A storing n integers and another integer s, nd whether or not there exist two elements x and y in the array such that x + y = s. Assuming it is possible to sort n numbers in...

Answered: 1 week ago

Question

★★★★★

Which techniques are recommended when communicating data-informed decisions? Select all that apply. a. Defining the problem. b. Assigning blame for the problem. c. Supporting the solution with data....

Answered: 1 week ago

Question

★★★★★

To which QoS policy action is the RADIUS attribute format "bw-rpct" equivalent? bandwidth bandwidth percentage bandwidth remaining percent bandwidth allowed

Answered: 1 week ago

Question

★★★★★

Heidi has been a client for some years, operating a traditional retail business. She has now made the decision to operate online as well and seeks your advice as to undertaking online transactions....

Answered: 1 week ago

Question

★★★★★

In late 2018, Mike was approached by a representative of a company called Cycle Tech Inc. (CTI) and asked if he would be interested in incorporating its proprietary technology, CycleScape, into PHL's...

Answered: 1 week ago

Question

★★★★★

NAPSTER'S REVOLUTION Eighteen - year old Shawn "NAPSTER" Fanning, then a freshman at Northeastern University, dropped out of school and founded Napster Inc. (website was at w.w.w.napster.com) in San...

Answered: 1 week ago

Question

★★★★★

4-17 What are the five principles of Fair Information Practices? For each principle, describe a business situation where the principle comes into play, and how you think managers should react.

Answered: 1 week ago

Question

★★★★★

4-16 Will Facebook be able to have a successful business model without invading privacy? Explain your answer. Are there any measures Facebook could take to make this possible? Over the course of less...

Answered: 1 week ago

Question

★★★★★

2. What are the components of IT infrastructure?

Answered: 1 week ago

Previous Question Next Question