Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 28, 2024

Can u pleaseee help me with this 12. If a 34-year ordinary annuity has a present value of $104,570.00, and if the interest rate is

Can u pleaseee help me with this

12. If a 34-year ordinary annuity has a present value of $104,570.00, and if the interest rate is 1.7 percent, what is the amount of each annuity payment?

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 Psychology Of Money Timeless Lessons On Wealth Greed And Happiness

Authors: Morgan Housel

1st Edition

978-0857199096

More Books

Students also viewed these Finance questions

Question

★★★★★

A disk of radius 12 cm, initially at rest, begins rotating about its axis with a constant angular acceleration of 8 rad/s 2 . At t = 5 s, what are (a) The angular velocity of the disk, (b) The...

Answered: 1 week ago

Question

★★★★★

Manufacturing overhead was estimated to be 3 5 5 , 3 0 0 for the year along with an estimated 2 0 , 9 0 0 direct labor hours Actual manufacturing overhea was $ 3 7 5 , 0 0 0 , and actual direct labor...

Answered: 1 week ago

Question

★★★★★

Discuss the size, composition, and consequences of the U.S. public debt.

Answered: 1 week ago

Question

★★★★★

For 2014, Macklin Inc. reported its most significant increase in net income in years. At the end of the year, John Mayer, the president, is presented with the following condensed comparative income...

Answered: 1 week ago

Question

★★★★★

Current Attempt in Progress Blossom Company uses a perpetual inventory system. The following information is available for November: Units Purchase Price Sales Price Nov. 1 Balance 8 $4.00 4 Purchase...

Answered: 1 week ago

Question

★★★★★

In each of the following separate cases, determine how much income is to be taxed to each of the taxpayers involved: a.) Alpha Partnership is owned 60% by W and 40% by P, who agree to share profits...

Answered: 1 week ago

Question

★★★★★

What is meant by Career Planning and development ?

Answered: 1 week ago

Question

★★★★★

What are Fringe Benefits ? List out some.

Answered: 1 week ago

Question

★★★★★

Suppose the fictional country of Katmai produces only two goods: sorghum and microprocessors. The following graph plots Katmai's current production possibilities frontier, and includes six different...

Answered: 1 week ago

Question

★★★★★

Cost of Normal Spoilage Caused by Nature of Job Frieling Company installs granite countertops in customers' homes. First, the customer chooses the particular granite slab, and then Frieling measures...

Answered: 1 week ago

Question

★★★★★

Question 1 (0.5 points) Catrina Corporation took out a new insurance policy on their recently built offices. The policy cost $130,000 and covered 24 months, from Aug 1, 20x1 to the end of Jul 20X3....

Answered: 1 week ago

Question

★★★★★

Media Skills: Blogging [LO-6] Read the following blog post and (a) analyze the strengths and weaknesses of each sentence and (b) revise it so that it follows the guidelines in this chapter....

Answered: 1 week ago

Question

★★★★★

Media Skills: Podcasting [LO-7] Youve recently begun recording a weekly podcast to share information with your large and far-flung staff. After a month, you ask for feedback from several of your...

Answered: 1 week ago

Question

★★★★★

Production schedule Media Skills: Writing Email Subject Lines [LO-4] Using your imagination to make up whatever details you need, revise the following email subject lines to make them more informative

Answered: 1 week ago

Previous Question Next Question