Mark Ventura has just purchased an annuity to begin payment two years from today. The annuity is for $31,000 per year and is designed to last 9 years. If the interest rate for this problem calculation is 11 percent, what is the most he should have paid for the annuity? Use Appendix B and Appendix D for an approximate answer, but calculate your final answer using the formula and financial calculator methods. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Maximum payment
Answers
Based on the information, Mark Ventura should not have paid more than $175,497.55 for the annuity.
How to explain the informationIn this case, Mark Ventura will receive $31,000 per year for 9 years, and the interest rate is 11 percent. The payments start two years from today, so we need to discount the future payments back to the present.
PMT = $31,000
r = 11% = 0.11
n = 9 - 2 = 7 (since the payments start two years from today)
Now we can calculate the present value:
PV = $31,000 × [(1 - (1 + 0.11)⁻⁷)) / 0.11]
Using a financial calculator or spreadsheet software, the present value can be calculated as $175,497.55 (approximated to the nearest cent). Therefore, Mark Ventura should not have paid more than $175,497.55 for the annuity.
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Related Questions
Jerome measures the length of 40 ropes and uses a line plot to organize his data. A. How many more ropes are there that are yard long or greater than ropes that are less than yard long? There are more ropes that are yard long or greater than ropes that are less than yard long b. Explain how you got this answer
Answers
Answer:
20
Explanation:
I make all the denominators the same, 1/4 becomes 2/8, and 1/2 becomes 4/8. I see which fractions are smaller than 3/8, which are 2/8 and 1/8. I count how many X's are there in 3/8 and the ones that are smaller than 3/8 which are 2/8 and 1/8. 3/8 has 5 X's, 2/8 has 2 X's, and 1/8 has 3 X's. Altogether there are 10 X's. 1 X = 2 ropes, so I multiply the 10 X's into 2 which is 20 ropes. There are 20 more ropes that are 3/8 yard long or greater than ropes that are less than 3/8 yard long.
How much does pressure change with altitude?
Answers
Since more than half of the molecules in the atmosphere are found below 5.5 km in altitude, the atmospheric pressure in this region drops by about 50% (to about 500 MB).
What is pressure?The force delivered perpendicularly to an object's surface per unit area across which that force is dispersed is known as pressure.
In comparison to the surrounding pressure, gauge pressure is the pressure.
Pressure is expressed using a variety of units.
The air pressure here decreases by around 50% because more than half of the molecules in the atmosphere may be found below 5.5 km in altitude (to about 500 MB).
Over 5.5 km, the pressure decreases, but it does so gradually and more slowly.
Some of these come from dividing a unit of force by a unit of area; the traditional unit of pressure in the imperial and U.S. customary systems is the pound-force per square inch (psi, symbol lbf/in2), whereas the SI unit of pressure, the pascal (Pa), is one newton per square meter (N/m2).
Therefore, since more than half of the molecules in the atmosphere are found below 5.5 km in altitude, the atmospheric pressure in this region drops by about 50% (to about 500 MB).
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What is the interest owed on a loan of $100 at 10% for 3 months?
Answers
Answer:
$2.50
Explanation:
The information is somewhat incomplete. It does not state whether simple or compound interest which could make a difference
I am assuming simple interest
The formula for simple interest is
I = Prt
where I is interest
P is amount of loan
r is annual rate of interest expressed as a decimal
t = number of years
We are given
P = $100
r = 10$ = 10/100 = 0.10
t = 3 months = 3/12 year = 1/4 th of a year
I = 100 x 0.10 x 1/4 = $2.50
5. The source document for all cash payments is a sales invoice. (P. 60)
true or false
Answers
Answer:
false
Explanation:
A sales invoice is an accounting document addressed to a client informing them of the amount they should pay for the goods or services provided. It details the services or products provided, the date, name of the client, the amount due, among other details. The invoice does not keep information on cash payments.
The check is the document that contains information on cash payments. The checkbook will retain details of all payments, such as amount, payee, and payment date. This data is useful in cash reconciliations.
The source document for all cash payments is a sales invoice. Thus, the given statement is false.
The source document for all cash payments is not a sales invoice. A sales invoice is typically generated when a company makes a sale to a customer, documenting the details of the transaction and serving as a request for payment. However, when it comes to cash payments, the source document is usually a receipt or cash voucher.
A receipt is issued to the payer as proof of payment received, providing information such as the date, amount, payment method, and details of the transaction. Cash vouchers, on the other hand, are internal documents used within a company to track and record cash payments made.
Thus, the given statement is false.
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B was 42 when the life insurance policy was issued. 42 is referred to as the ______ age of the policy. A
Answers
Because the assured is 42 when the life policy was issued, such age will be called an original age of the policy.
What is an original age?In a life policy, an Original Age refers to the age of an insured at the inception of a life insurance policy.
Therefore, as the the assured is 42 when the life policy was issued, such age will be called an original age of the policy.
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In addition to intelligence collection, processing and exploitation, and analysis and production, what other results must collection managers continuously monitor for
Answers
The other results that collection managers should monitor for process effectiveness are disclosure to determine whether information requirements are met.
What is the role of a collection manager?Related to the supervision and control of an organization's collection department, generating effectiveness in billing and receiving payments.
Therefore, collection managers are professionals responsible for maintaining the company's financial balance in relation to negotiations with customers and partners.
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Hammers, screwdrivers, drills, and saws are _____ a construction worker uses.
-tasks
-skills
-tools
-qualifications
Answers
Answer:
are a - tool - construction workers use
The comparative advantage of the south was in? small farms producing for the local market. plantation agriculture producing for export. shipbuilding and trades related to shipbuilding. manufacturing.
Answers
The south's comparative advantage was in plantation agriculture, which allowed for the production and export of cash crops to international markets.
The comparative advantage of the south was primarily in plantation agriculture producing for export.
1. Plantation agriculture: The southern states, particularly those in the warmer climates, had an advantage in growing crops like cotton, tobacco, and rice on large plantations. They had fertile land and a longer growing season, which allowed for the cultivation of cash crops in large quantities.
2. Export: These cash crops were in high demand in international markets. The southern states could produce and export large quantities of crops to Europe, where they were used in various industries such as textiles and manufacturing.
3. Slavery: The use of enslaved labor on plantations further enhanced the south's advantage in agricultural production. The availability of cheap labor allowed for increased productivity and profitability.
4. Local markets: While small farms producing for the local market were also present in the south, their comparative advantage lay in the large-scale production and export of cash crops, rather than in local agricultural production.
Overall, the south's comparative advantage was in plantation agriculture, which allowed for the production and export of cash crops to international markets. This advantage was supported by factors such as favorable climate, fertile land, and the utilization of enslaved labor.
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Question 7 of 10
Which of the following is a tax-advantaged savings plan designed to
encourage savings for future college costs?
A. University plan
B. 529 plan
C. Scholarship plan
D. 592 plan
Answers
Answer:
It is the 529 plan to save money for college.
Explanation:
State any five occupation in public sector? Explain any one of them.
Answers
Explanation:
social worker
physiotherapist
welfare right officers
drug abuse worker
care worker
physiotherapist: It is a health related profession that deals with the treatment of the dysfunctional human organs through therapy. +2 level or certificate level in science with minimum 50% is required to do this particular job.
The troupe’s account balance first reached $500 on Day 4. The last day the account balance was $500 was Day 8. (a)Determine C(5), C(6), and C(7). Explain how you determined these amounts. (b)Estimate C(1), C(2), and C(3). Explain how you determined these amounts. (c)The stage manager said that the amount of money taken out of the account each day between Day 8 and Day 11 was the same amount of money put into the account each day between Day 0 and Day 4. Recall that Day 11 is when the balance first reached $0. Without doing any calculations, how could you show the stage manager was incorrect?.
Answers
Answer:
its 4
Explanation:
Please help, I'm so behind. How is net pay different from gross pay?
Answers
Answer:
Quantity
Explanation:
gross is the total with no type of changes. Net is your total deductions such as tax or anything like that.
Select a single stock issue, then perform each of the ratio valuations, covered in the lesson. Compare the information and make a recommendation on the value of the stock, and whether it is a good investment. Your submission must list the name of the stock, the data. The information was obtained, the source from which the information was drawn, and a list of each of the ratio models, showing the results. Also, prepare a narrative of at least two paragraphs that analyzes your findings and indicates your recommendations.
Answers
We should note that stock valuation helps to predict the future price or potential market prices for the investors to time their sales or purchase of investments. Its values the intrinsic value of the stock that shows the profitability of the business and its future market value.
What is the stock valuation of Apple Inc?In this context, let's assume we're analyzing Apple Inc. (AAPL), a technology company that designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music players.
One key ratio valuations that investors might use to assess the value of AAPL is Price-to-earnings ratio (P/E ratio). This ratio compares the current stock price to the company's earnings per share (EPS). A high P/E ratio suggests that investors are willing to pay a premium for the stock based on its earnings potential.
To calculate the P/E ratio for AAPL, we would divide the current stock price by the company's EPS. As of 2022, AAPL had a P/E ratio of around 28, which is slightly higher than the industry average of around 24.
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What does an exchange rate tell you?
A. How many products have been exchanged between two different countries
B. The number of people in one country in comparison to another country
C. How much one unit of currency is worth when converted to another currency
D. The speed that people are buying a specific type of product
Answers
Answer:
C. How much one unit of currency is worth when converted to another currency
It tells you: C. How much one unit of currency is worth when converted to another currency.
The effect of an increase in the money supply on the rate of inflation micro or macro.
Answers
The effect of an increase in the money supply on the rate of inflation micro or macro is a macroeconomic issue.
In economics, delivery is the amount of a useful resource that corporations, producers, laborers, providers of monetary belongings, or other economic retailers are willing and able to offer to the marketplace or to a character. deliver may be in produced goods, labour time, uncooked substances, or some other scarce or precious object.
Supply is a fundamental financial idea that describes the full amount of a specific correct or provider that is to be had to consumers. supply can relate to the amount available at a selected price or the amount available throughout a number charges if displayed on a graph.
Supply in economics is defined as the whole quantity of a given service or product a supplier gives to customers at a given duration and a given price degree.
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PROFIT/LOSS = TOTAL REVENUE - TOTAL COSTS
lan set up a taxi firm one month ago. He has calculated that his total monthly revenue was £2400.
He has added his costs together for the first month and they came to £2800. However, he spent
£1000 on a car for the business that he will not need to spend again.
1) What was his profit/loss for the month?
For the month it was €
1
2) Next month, what will his profit/loss be?
3) List 2 things that could happen that would increase his costs?
Answers
Answer:
What's the question? :) I'm an econ major btw.
Explanation:
How do I connect to Comcast customer service?
Answers
To connect to Comcast customer service, you can call their toll-free number,with a representative online, or visit a Comcast customer service center.
You can find the customer service number on your bill or on the Comcast website. You can also contact with a representative online by visiting the website and clicking on the button. If you would prefer to visit a service center in person, you can find the nearest one by using the "Store Locator" tool on the website.
Additionally, you can also use their mobile application and connect with the customer service through the app, you can also schedule appointments, pay your bill and check the service status.
It's important to have your account information handy when you contact customer service, such as your account number and telephone number. Also, make sure you have your bill on hand so that you can easily reference it
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generally, courts allow the party who has ______ to be paid the full amount of the contract price less any costs suffered.
Answers
Generally, courts allow the party who has performed their contractual obligations to be paid the full amount of the contract price less any costs suffered.
In contract law, the principle of "performance" plays a crucial role. When a contract is formed, the parties involved have certain obligations to fulfill. If one party fulfills their obligations and performs as required by the contract, they are generally entitled to receive the full amount of the contract price, minus any costs they have incurred.
The party who has performed their contractual obligations is considered to have fulfilled their part of the agreement and has upheld their end of the bargain. Therefore, courts recognize their right to be paid the full contract price they are entitled to, as specified in the terms of the agreement.
This approach encourages parties to honor their contractual obligations and provides a legal framework that promotes the enforcement of contracts based on the principle of performance. It helps maintain fairness and accountability in contractual relationships by ensuring that the party who has fulfilled their duties receives the appropriate compensation for their performance.
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which of the following is a way to access the money in your checking account?
Answers
Answer:
a debit card, online banking, writing a check or withdrawing money at an ATM or a branch office.
Select a topic and develop a curriculum targeted to 6th-grade students. Provide an outline of the material and how it will be presented. Defend your reasoning for the mode of delivery that was selected. Write a 450 word response about the topic, curriculum, material outline, and presentation method.
Your response must:
contain 450 words in outline and paragraph form;
fully describe the topic and curriculum that you would present. You may access ideas for relevant topics by conducting an Internet search of your state’s 6th-grade standards in whichever subject that interests you; and
include a lesson outline that you would use to present the material;
explain why you chose particular presentation methods to teach the topic; and
explain how you would assess student understanding of the topic or learning objective.
Be original and avoid plagiarism. Be accurate and have correct spelling and grammar in your response.
Use details and information from the lesson as support.
Cite other research sources.
Submission Requirements:
Submit your response as a digital file to your teacher by the submission date specified.
Question # 1
Long Text (essay)
Select a topic and develop a curriculum targeted to 6th-grade students.
Provide an outline of the material and how it will be presented.
Defend your reasoning for the mode of delivery that was selected.
Submit a 450-word response about the topic, curriculum, material outline, and presentation method.
Answers
The curriculum covers language, arts, mathematics, science, and social studies. In language and arts, students build their composition and language skills by studying poetry, writing, and informational texts. As for mathematics, they'll gain a deeper understanding of the operations.
What is a curriculum?The curriculum is the lessons and academic content taught in a school or in a specific course.
To develop a curriculum one should follow the following steps;
1 Identify the purpose of the course.
2 Identify the students' needs.
3 Outline important topics and timeline.
4 Create a variety of categorizations for your lessons.
5 Determine materials and resources to be included in the curriculum.
6 Get feedback from various sources.
Therefore, You can develop a curriculum by these methods.
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What are the advancements made in the automotive industry in 2020
Answers
Electrification
And autonomous vehucles
Which of the following best describes the objectives of the Monetary Policy?
a. controlling banks over our currencies
b. controlling household money in circulation
c. controlling the firm's money in circulation
d. managing or manipulating the money supply in the economy
Answers
Answer:
d. managing or manipulating the money supply in the economy
Explanation:
i feel like it's D
Answer:
d. managing or manipulating the money supply in the economy
When a firm launches a new product, it needs to review the sales and profit levels of the product to determine if the product is successful. This stage of the new product development process is known as the _______ of results stage.
Answers
The stage of the new product development process where a firm reviews the sales and profit levels of a new product to determine if it is successful is known as the evaluation of results stage.
This stage is the final step in the new product development process and is critical for determining the success or failure of the new product.
During the evaluation of results stage, a firm will analyze various metrics to determine the success of the new product. These metrics may include sales volume, market share, customer feedback, and profitability.
The firm will compare these metrics against the goals and objectives that were set during the previous stages of the new product development process.
If the new product meets or exceeds the established goals and objectives, the firm may decide to continue producing and marketing the product.
If the new product does not meet these goals and objectives, the firm may need to reevaluate the product and make changes to improve its performance, or it may decide to discontinue the product altogether.
The evaluation of results stage is critical for a firm to understand the success of its new product development efforts and make informed decisions about future product development initiatives.
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oran just noticed that the price of a stock in his portfolio went up after the company announced a larger than usual dividend.
Answers
Oran's share price rose after the company announced a larger dividend, attracted more investors, and confirmed its investment decision.
Oran, satisfied with his portfolio, noticed a significant increase in the price of one of his stocks. He quickly discovered that the company had announced a larger-than-usual dividend. This news attracted more investors, boosting demand for the stock and subsequently its price.
Oran felt a surge of optimism when his investment decision turned out to be the right one, and he expected the dividend payment as a bonus for his investment.
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Sebastián compró 3 latas de pintura a 15.75 cada una marcada con un descuento del 20% cuánto pagó en total Sebastián en caja incluyendo el I.T.B.M.S
Answers
Answer:
37,8
Explanation:
Podemos hacer esto de dos formas.
Si compró 3 latas a 15,75, podemos encontrar el porcentaje de cada lata y luego multiplicar por 3. Como
20% * 15,75 =
20/100 * 15,75 = 3,15
15,75 - 3,15 = 12,6
Luego multiplicamos el 12,6 por 3.
12,6 * 3 = 37,8
De otra forma, podemos hacer la multiplicación primero. Como,
15,75 * 3 latas = 47,25
20% de 47,25 =
20/100 * 47,25 = 9,45
47,25 - 9,45 = 37,8
Entonces, en total, pagó 37,8
The simulation step of "Examine results" feeds back to which other two simulation steps? A. Introduce variables and Specify values of variables B. Construct model and Conduct simulation C. Construct model and Specify values of variables D. Define problem and Introduce variables
Answers
The simulation step of "Examine results" feeds back to two other simulation steps, which are "Construct model" and "Conduct simulation."
This feedback loop is an integral part of the simulation process as it allows for adjustments to be made to the model and variables based on the results obtained from the simulation. The feedback loop also enables the user to refine the model and variables to ensure that the simulation results are accurate and reliable. Ultimately, this iterative process allows for the identification of trends, patterns, and relationships that can be used to make informed decisions and optimize performance in various fields such as engineering, finance, and healthcare.
The simulation step "Examine results" feeds back to two other simulation steps: B. Construct model and Conduct simulation. Examining the results allows you to evaluate the performance of the simulation and identify areas where the model or simulation may need adjustments. By providing feedback to these steps, you can continuously improve the model's accuracy and better align it with the problem you are trying to solve or understand. Remember, the iterative process of refining the model and conducting simulations is crucial for obtaining reliable and useful results.
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When the government runs a budget surplus, it uses the funds to:
pay down outstanding debt
Answers
A budget surplus occurs when the government collects more revenue than it spends. When this happens, the government typically uses the surplus funds to pay down outstanding debt.
This debt can include money owed to other countries, money owed to other branches of government, or money owed to the public. Paying down the debt can help free up more money for other uses, such as investing in infrastructure, paying for social services, or providing tax relief.
Additionally, reducing the amount of debt owed can help ensure the government's long-term fiscal health. Reducing the debt can help the government manage its budget more effectively, as it reduces the amount of interest payments it must make to service the debt. This can also help the government maintain a low rate of inflation, and help avoid a situation where the government is unable to pay its bills.
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What are the limits on dynamic dashboards?
Answers
Dynamic dashboards have several limits that users should be aware of. First, the amount of data that can be displayed on a dynamic dashboard is limited by the processing power of the computer or device used to access it.
Second, the number of components that can be included in a dynamic dashboard is also limited by the processing power of the device, as well as the dashboard software used. Third, the level of interactivity and customization that can be achieved on a dynamic dashboard is limited by the software used to create it. Finally, dynamic dashboards may not be compatible with all data sources, which could limit their usefulness for some users.To summarize, the limits on dynamic dashboards include refresh rate, dashboard lters, component limit, concurrent user limit, scheduled emails, and running user context.
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https://brainly.com/question/30410887#SPJ112. Christmas is six months away. Retailers must decide whether or not to hire extra
employees to work during the holiday season. Sales for the retail industry are expected to mirror last year’s figures (which were quite good), but, due to poor sales at the beginning of the year, the number of salespeople at Kat’s Gift Store must be reduced by 20 percent.
Change: _______________ Internal or External Increase or Decrease
Read each of the following situations to determine what change is affecting the sales
forecast of each business. The changes are:
Competitive
Distribution process
Economic
Market
Marketing strategies
Human resources
Population
Pricing
Product lines
Promotion
Answers
Answer:
Christmas is less then one month away
Explanation:
Logic is the explanation. If you dont believe me, the look at a calendar.
As sales were weak at the beginning of the year and the number of sellers at Kat's Gift Store is expected to be reduced by 20 percent, this corresponds to an internal change of reducing employees.
The situation affecting sales at Kat's Gift Store may be related to marketing strategies, as the increase in sales has been seasonal, such as during the holiday season, but sales have been weak in normal periods, where demand tends to remain stable.
Therefore, it is necessary that the company's managers monitor and review the company's marketing strategy, in order to identify the factors that have caused the reduction in sales in the company.
Reviewing the company's marketing plan can bring competitive advantages and generate value for the consumer, increasing profitability and market positioning.
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Which is the best definition of insurance:
A. Insurance lets you pay your bills.
B. Insurance lets you pay a little for protection you might need.
C. Insurance is an expensive way to pay your bills.
D. Insurance costs a lot, but doesn’t pay for much.
Answers
Answer:
I'm trying to decide between B and D, but I think it's D
Explanation:
Insurance does cost a lot, but it's so you have a bit more protection if something happens.
For example:
Let's say you get into a car accident, and you need to stay in the hospital to recover, because you broke a bone, and afterward, you need a prescription of pain medicine. Insurance would pay for your hospital stay I believe, and also pay for part of your prescription. But it costs a lot of money, and your prescription might be really expensive, and there might have been something with your hospital stay that insurance didn't pay for. So basically, Insurance costs a lot, but doesn't pay for much (answer D).