What's the future value of a 12%, 5-year ordinary annuity that pays $500 each year? If this was an annuity due, what would its future value be? Do not round intermediate calculations. Round your answers to the nearest cent.
Future Value of an Ordinary Annuity: $
Future Value of an Annuity Due: $

Answers

Answer 1

The Future Value of an Ordinary Annuity is $3176.42 and the Future Value of an Annuity Due is $ 3,557.59.

Future value = Annual amount x [ [ (1 + r)ⁿ – 1 ] / r ]

= $ 500 x [ [ (1 + 0.12)⁵ - 1 ] / 0.12 ]

= $ 500 x 6.35284736

= $ 3,176.42368 or $ 3,176.42

Future value of annuity due is computed as follows:

Future value = Annual amount x [ [ (1 + r)ⁿ – 1 ] / r ] x (1 + r)

= $ 500 x [ [ (1 + 0.12)⁵ - 1 ] / 0.12 ] x 1.12

= $ 500 x 6.35284736 x 1.12

= $ 3,557.59

Thus, Future Value of an Ordinary Annuity is $3176.42 and the Future Value of an Annuity Due is $ 3,557.59.

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Related Questions

What is TRUE about non-depository financial institutions?

Answers

Non-Depository financial institutions are those institutions that provide various financial assistance. These institutions serves as an intermediaries between borrowers and savers. ... The non-depository financial institutions include commercial banks, credit unions, and saving banks. Therefore, option D is correct

a project has six tasks which are required for completion: tasks a, b, c, d, e and f. the relationship between the tasks is described below: task a takes 8 weeks. task b takes 3 weeks. task a must be completed before beginning task c. task c takes 7 weeks. both tasks a and b must be completed before beginning task d. task d takes 3 weeks. task e takes 4 weeks. in order to begin task e, task c must first be completed. task f takes 6 weeks. in order to begin task f, task d must first be completed. which of the following is the correct earliest finish for task f? a project has six tasks which are required for completion: tasks a, b, c, d, e and f. the relationship between the tasks is described below: task a takes 8 weeks. task b takes 3 weeks. task a must be completed before beginning task c. task c takes 7 weeks. both tasks a and b must be completed before beginning task d. task d takes 3 weeks. task e takes 4 weeks. in order to begin task e, task c must first be completed. task f takes 6 weeks. in order to begin task f, task d must first be completed. which of the following is the correct earliest finish for task f? 19 26 6 17

Answers

The correct earliest finish for task f is 26 weeks.

To determine the earliest finish for task f, we need to calculate the earliest start and finish times for each task. We can do this using the Critical Path Method (CPM).

First, we determine the earliest start time (EST) and earliest finish time (EFT) for task a. Since task a takes 8 weeks, EST for task a is week 1 and EFT is week 8.Next, we determine the EST and EFT for task b. Since task b takes 3 weeks and can be done concurrently with task a, EST for task b is also week 1 and EFT is week 3.Now, we move on to task c, which can only begin after task a is completed. Therefore, EST for task c is week 9 (EFT for task a) and EFT is week 15 (EST plus task duration of 7 weeks).

Task d requires both tasks a and b to be completed. Since both tasks a and b can be done concurrently, EST for task d is week 4 (EFT for task b) and EFT is week 6 (EST plus task duration of 3 weeks).

Task e can only begin after task c is completed. Therefore, EST for task e is week 16 (EFT for task c) and EFT is week 19 (EST plus task duration of 4 weeks).Finally, we move on to task f, which requires task d to be completed. Therefore, EST for task f is week 7 (EFT for task d) and EFT is week 13 (EST plus task duration of 6 weeks).The critical path is the path that takes the longest time to complete. In this case, the critical path is a - c - e - f, which takes 26 weeks to complete (8 + 7 + 4 + 6). Therefore, the earliest finish for task f is 26 weeks.

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Will is currently in a 22% tax bracket and has a 7.2% savings rate of return. What is his after-tax savings rate of return

Answers

Based on the information given his after-tax savings rate of return is 5.62%.

After-tax saving rate of return

Using this formula
After-tax savings rate=Saving rate of return×(1-Tax rate)

Where:

Saving rate of return=7.2%

Tax rate=22%

Let plug in the formula

After-tax savings rate=0.072×0.78

After-tax savings rate=0.05616×100

After-tax savings rate=5.62% (Approximately)

Inconclusion his after-tax savings rate of return is 5.62%.

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to my brother jayjay

to my brother jayjay
to my brother jayjay

Answers

hahahahahhaha

that is very funny i am laughing so hard i am crying

Holland Company paid Luxembourg Company for merchandise with a $6,400, 90-day, 8% note dated May 10. If Holland Company pays the note at maturity, what entry should be made at that time?

Answers

When Holland Company pays the note at maturity, the following entry should be made: Debit: Notes Payable - Luxembourg Company $6,400
Debit: Interest Expense $128 ($6,400 * 8% * 90/360) Credit: Cash $6,528

The Notes Payable account is debited to decrease the liability and remove the outstanding note from the company's books. The Interest Expense account is debited to record the accrued interest on the note for the 90-day period. Finally, the Cash account is credited to reflect the payment made by Holland Company to Luxembourg Company, including both the principal amount of $6,400 and the accrued interest of $128.
This entry ensures that the outstanding note is settled, and the appropriate interest expense is recorded in Holland Company's financial records.

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There are 102 women and 48 men in a chool marching band. Find the ratio of women to men

Answers

102 women & 48 men make up a school marching band, making this same ratio for women to men 34:16, according to the supplied statement.

What would a lady today be considered?

According to the revised Cambridge Dictionary definition, a woman is now described as "an adolescent whom lives as identifies as female despite getting been regarded to have an other birth gender." The dictionary also included several illustrations in line with the revised meaning.

102 females, 48 males

36 women and 48 men are obtained by dividing both sides by 3.

So, the gender split is 34:16 for males and women.

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you have decided both to open a savings account and to purchase a vehicle. you would like a savings account with the highest interest rate and a vehicle loan with a low interest rate. you currently have a checking account at bank a. from the banks listed below, determine with which bank you should open a savings account and at which bank should you apply for your vehicle loan.

Answers

To determine the best bank for a savings account and a vehicle loan, you should consider the interest rates offered by each bank. The highest interest rate for a savings account is desired, while the lowest interest rate for a vehicle loan is preferred.

When deciding which bank to open a savings account with and which bank to apply for a vehicle loan, it is important to consider the interest rates offered by each bank. The higher the interest rate, the more money you will earn on your savings and the less money you will pay in interest on your loan.From the given information, the best bank to open a savings account with is Bank C, as it offers the highest interest rate. The best bank to apply for a vehicle loan with is Bank B, as it offers the lowest interest rate.Therefore, it is recommended that you open a savings account with Bank C and apply for a vehicle loan with Bank B.

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PLEASE help im stuck


What management principle caused the cost per bushel to change? Explain how the principles applied to this example.

PLEASE help im stuckWhat management principle caused the cost per bushel to change? Explain how the principles
PLEASE help im stuckWhat management principle caused the cost per bushel to change? Explain how the principles
PLEASE help im stuckWhat management principle caused the cost per bushel to change? Explain how the principles

Answers

Answer:

Microeconomics uses a set of fundamental principles to make predictions about how individuals behave in certain situations involving economic or financial transactions. These principles include the law of supply and demand, opportunity costs, and utility maximization. Microeconomics also applies to businesses.

3. What would be the SIDPP and SICP values at the end of the well control operation? I

Answers

The SIDPP and SICP values at the end of a well control operation depend on various factors and problems and can vary significantly based on the specific circumstances of the operation.

During a well control operation, the Shut-In Drill Pipe Pressure (SIDPP) and Shut-In Casing Pressure (SICP) are important indicators used to monitor and control the wellbore pressure. The SIDPP represents the pressure measured at the surface while the well is shut in, and it reflects the pressure exerted on the drill pipe by the wellbore fluids. The SICP, on the other hand, represents the pressure measured at the surface when the well is shut in and provides an indication of the pressure exerted on the well casing.

The values of SIDPP and SICP at the end of a well control operation will depend on several factors, including the initial wellbore pressure, the actions taken to control the well, and the effectiveness of the well control measures implemented. These values are typically monitored closely during the operation to ensure that the wellbore pressure is safely contained. Once the well is successfully controlled, the SIDPP and SICP should stabilize at levels that indicate a safe pressure condition within the wellbore. However, it is important to note that the specific values will vary depending on the characteristics of the well and the operational conditions encountered.

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Turn to Part C of the Systems Analyst's Toolkit and review the concept of net present value (NPV). Determine the NPV for the following: An information system will cost $175,000 as an initial investment to implemented over a six month period and will produce no savings during the last six months of first year once it has gone online. When the system goes online, the company will save $27,750 during the second year of operation. For the next four years, the savings will be $39,250,$45,500,$48,500, and $40,250, respectively per year. Assuming a 4.25% discount rate, what is the NPV of the system? Explain in detail whether.or.not this a good investment (one four sentence paragraph at a minimum).

Answers

The NPV of the system is the sum of the present values of the cash flows minus the initial investment, which needs to be calculated based on the given data.

To calculate the NPV, we need to discount the future cash flows to their present values and subtract the initial investment. Using a discount rate of 4.25%, we can calculate the present value of each cash flow and sum them up. The present value of each cash flow is calculated by dividing the cash flow by (1 + discount rate) raised to the corresponding period. After calculating the present values, we subtract the initial investment of $175,000. If the resulting NPV is positive, it indicates that the project is a good investment. If the NPV is negative, it suggests that the project may not be worthwhile.

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What channel intermediary does not take title to products, but instead brings a seller and buyer together?.

Answers

Answer:

It would be the agent by definition.

Answer:

an agent.

Explanation:

a real estate agent does not physically own the properties, but helps bring in consumers who want to purchase the home.

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Profits encourage entry into purely competitive industries and losses encourage exit from purely competitive industries because?

Answers

Profits encourage entry into purely competitive industries and losses encourage exit from purely competitive industries because losses result in the exit and release of resources to flow to markets where there exist profits.

What are the benefits of Profits?

The difference between an economic entity's revenue from its outputs and the opportunity costs of its inputs is what is known as a profit. It is equivalent to total income less total expenses, which includes both direct and indirect expenses. Profit is the term used to describe the financial gain experienced when the revenue from a commercial activity exceeds the costs, costs, and taxes associated with maintaining that activity.

When your company's expenses exceed its income during an accounting period, a loss is incurred. The loss indicates that you spent more money than you brought in. However, not all business losses are negative because you can utilize the net operating loss to request tax refunds for current or previous tax years.

Revenues less expenses are the company's profits. A company's ability to make a profit determines whether it can obtain bank financing, draw in investors to finance its operations, and expand. Without making a profit, businesses cannot stay in operation.

Hence, Profits encourage entry into purely competitive industries and losses encourage exit from purely competitive industries because losses result in the exit and release of resources to flow to markets where there exist profits.

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What measures do governments take to promote exports and restrict imports? Who benefits and who loses from pro- tectionist policies? What is the net outcome for society?

Answers

Governments may take a number of measures to promote exports and restrict imports. These include, but are not limited to, imposing tariffs and quotas, subsidizing local industries, and providing tax incentives to domestic exporters.

The primary beneficiaries of protectionist policies are domestic firms, who gain an advantage over foreign competitors. Consumers may also benefit if the policy leads to lower prices for locally produced goods. On the other hand, protectionist policies can lead to higher prices for imported goods, making consumers worse-off. Furthermore, foreign exporters may face trade barriers and reduced demand for their goods, leading to a decline in their profits.

The net outcome for society is that the benefits of protectionism are often outweighed by its costs. This is because protectionism often leads to higher prices, reduced competition, and a misallocation of resources. Moreover, protectionism can lead to retaliatory measures from other countries, resulting in a trade war which can damage the global economy.

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Assume you are Chief Financial Officer at Beyond Corporation located in United Kingdom. Your company has invested in short term financial securities in German. Discuss how the appreciation of the U.K pound against the Germany Euro would affect the return to Beyond Corporation that invested in Germany.

Answers

As the Chief Financial Officer (CFO) of Beyond Corporation, located in the United Kingdom, your company has invested in short term financial securities in Germany.

In this regard, if the appreciation of the UK pound against the German Euro occurs, it will negatively impact the returns on the investment of Beyond Corporation that invested in Germany. Let's discuss how this situation could occur in detail: An appreciation of the UK pound means that it gains value in comparison to other currencies.

When the UK pound appreciates, it can purchase more goods and services in other countries than it could before. On the other hand, the German Euro will lose value in comparison to the UK pound. It means that the return that Beyond Corporation receives in Euros will be worth less when it is converted to UK pounds.

The appreciation of the UK pound against the German Euro would make Beyond Corporation's investment in Germany less profitable than it would have been if the exchange rates had remained the same. Therefore, the appreciation of the UK pound would negatively affect the returns on the investment of Beyond Corporation that invested in Germany.

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the deed given to a purchaser at a public sale of land held for nonpayment of taxes is known as a...?

Answers

Answer: A deed given to a purchaser at a public sale of land held for nonpayment of taxes is known as a tax deed. A tax deed conveys title to the property and is typically issued by the county in which the property is located. The deed may be recorded with the county recorder's office.

Explanation:

The deed given to a purchaser at a public sale of land held for nonpayment of taxes is known as a tax deed. A tax deed is a legal document that transfers ownership of property from the previous owner to the new owner. The new owner assumes all responsibility for the property, including any unpaid taxes.

Allison has a horse stall cleaning business that has been growing rapidly since she started it three years ago. She estimates the total number of horse stalls in her market to be 5000, owned by a total potential population of 1500. Currently, there are only two competitors in the market, Allison, who has 650 stalls that she cleans, and Sam's Hayfaring Maneger, that cleans 1,320 stalls. The remainder of the stalls are cleaned by their owners rather than by a service. Allison prices her cleaning services at $12 per stall per month and Sam charges $8 for the same service. Allison's sales are derived from 104 customers while Sam's are from 71 customers, meaning that Sam's customers have more stalls on a per capita basis. What is the market penetration rate based on potential customers

Answers

Answer:

the market penetration rate based on potential customers is 11.66%

Explanation:

The computation of the  market penetration rate based on potential customers is shown below

= Alison + sam

= (104 customers ÷ 1500)  + (71 customers ÷ 1500)

= 6.93 % + 4.73%

= 11.66%

hence, the market penetration rate based on potential customers is 11.66%

We simply added both the Alison and sam so that the market penetration rate could come

Which of the following best explains the purpose of a supply schedule?
O A. To demonstrate how the supply decreases as price increases.
B. To calculate how much time it takes for distribution.
C. To show the relationship between quantity supplied and prices.
O D. To indicate how supply and demand relate to price.

Answers

Answer:

C. To show the relationship between quantity supplied and prices.

Explanation:

A supply schedule is a tabular demonstration of the quantity that suppliers will be willing to sell at different prices. It is a table showing the relationship between supply and price.

According to the law of supply, the supply increases as the price goes up. Therefore, the supply schedule is a tabular illustration of the law of supply.

Answer:

it is c

Explanation:

because    it does mean To show relationship between quantity supplied

and prices.

Career Cluster
If your dream is to be an elementary school teacher, the
might be best for you.
A. Education and Training
B. Human Services
C. Health Sciences
D. Training and Instruction

Answers

Answer: A

Explanation

You made investment in Firm B’s stock. The market shows the following annual returns on Firm B’s stock over the past five years: 27%, 13%, 18%, -14%, and 9%.
a) Calculate the holding period return.
b) Calculate the average return (mean) over this 5-year period.
c) Calculate the standard deviation of stock returns over this 5-year period.

Answers

a) The holding period return is 19.1%. b) The average return over this 5-year period is 10.6%. c) The standard deviation of stock returns over this 5-year period is 15.6%.

a) The holding period return is the total return earned by an investor over the entire holding period of an investment. To calculate the holding period return, we can use the formula:

Holding period return = (Ending value - Beginning value + Income) / Beginning value

where,

Ending value = Value of investment at the end of the holding period

Beginning value = Value of investment at the beginning of the holding period

Income = Any income received from the investment, such as dividends.

In this case, we don't have the actual beginning and ending values of the investment or any income received from the investment. Therefore, we can assume a beginning value of $100 and calculate the holding period return based on the given annual returns on Firm B's stock over the past five years.Using the above formula, we get:Holding period return = [(1 + 27%) x (1 + 13%) x (1 + 18%) x (1 - 14%) x (1 + 9%)] - 1= 1.191 - 1= 19.1%

b) To calculate the average return (mean) over the 5-year period, we can add up all the annual returns and divide by the number of years. Using the formula for mean, we get:

Mean = (27% + 13% + 18% - 14% + 9%) / 5= 53% / 5= 10.6%

c) To calculate the standard deviation of stock returns over this 5-year period, we can use the following formula:

Standard deviation = [(Sum of (Annual return - Mean annual return)²) / (Number of years - 1)]½

Using the given annual returns and the mean annual return calculated in part (b), we get:

Standard deviation = [(27% - 10.6%)² + (13% - 10.6%)² + (18% - 10.6%)² + (-14% - 10.6%)² + (9% - 10.6%)²] / (5 - 1)½= [305.16 + 5.76 + 47.56 + 616.36 + 2.56] / 4½= 242.8 / 4½= 15.6% (rounded to one decimal place)

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Which of the following best describes a push strategy? Group of answer choices Manufacturer builds strong consumer demand for a product to force members to automatically promote the manufacturer’s product because it is in their obvious self-interest to do so. Manufacturer develops mutual effort and cooperation in the development and implementation of promotional strategies by working directly with members to develop strong and viable promotional support. Manufacturers use the push strategy to secure distributor cooperation by "pushing" their products through the channel. Manufacturers’ push strategies can be effective, however, they are limited in their ability to secure strong distributor support. Unlike the pull strategy, the push strategy requires indirect involvement from the distributor.

Answers

Answer: Manufacturer develops mutual effort and cooperation in the development and implementation of promotional strategies by working directly with members to develop strong and viable promotional support.

Explanation:

In a push strategy the manufacturer develops mutual effort and cooperation in the development and implementation of promotional strategies by working directly with members to develop strong and viable promotional support.

In a push strategy, the firm takes it's products to the consumer. The aim of this is for the product to gain much exposure than it already has and attract more sales. Other sales channels are bypassed in the scenario, leaving just the producer and the customer. Advertisment is one of the greatest promotional tool for push strategy.

Complete the following sentence.
It is very common for job seekers in high-tech/ ____
technology fields to acquire certifications to assure agencies of their
qualifications

Answers

It is very common for job seekers in high-tech/ Information

technology fields to acquire certifications to assure agencies of their

qualifications.

What is information technology?

Information Technology is the use of hardware and software services, and related infrastructure to manage and deliver information using voice, data, and video.

The use of information technology  in today's personal, business uses is essential. It can be defined as the use of computers and other electronic devices for data reception, storage, retrieval, transmission, and manipulation.

Certifications demonstrate  that you are dedicated to your profession, possess unique abilities, and are eager to keep studying in order to be at the top of your game. certifications can help you gain the skills and credentials you need to get a job.

Thus, Information technology is an appropriate response.

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______ Is a market in which a large number of suppliers compete with each other to satisfy the needs and wants of a large numbers of consumers at a competitive price.???

Answers

Answer : Monopolistic competition

Answer:

Monopolistic Competition

Explanation:

In a monopolistic competitive market, there are large numbers of sellers who do not sell identical products instead they sell differential products. They compete with each other at a competitive price. The products could be differentiated in many ways including quality, style, location and even brand name. Since they compete at a competitive price, if there is a substantial rise in the price of any of the products, the buyers could quickly shift from one product to another. The most crucial factor behind product differentiation is because of geographical factors. Under a monopolistic competitive market, the sellers do not have any influence over customer loyalty and limited control over the price.

Fatima works in a bakery and earns $120 per week. Fatima’s grandfather has given her $5,000. Fatima is going to use this money to start her own business. She is going to make cakes for special occasions such as birthdays, weddings, and religious
festivals.
1. Give an example for each of the four factors of production Fatima will use in her new business.
2. What is the ‘opportunity cost’ to Fatima of her decision to start her own business?
3. Is Fatima’s business meeting consumer ‘needs’ or consumer ‘wants’? Justify your answer.

Answers

1). The four factors that would be involved in Fatima's bakery business would be:

Land or the place where she would prepare and pack the cakes. Labor who would be involved in the production of the cakes. Capital that would be invested to incur the costs of the production. Entrepreneurship is the 'art of employing innovation and risk-taking in the business for making profits.'

2). The opportunity cost of Fatima's decision to run her own bakery business would be her weekly earning of $120 per week as it is the cost of the most valuable forgone opportunity.

3). Fatima's business would assist the customers in meeting their 'wants' as she assists them in fulfilling their special and personalized demands for cakes for their various occasions like weddings, festivals, or birthdays and not for regular meals.

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Which statement includes one real benefit from shopping with a credit card? *
1 point
You may earn cash back, travel rewards, or other perks for each dollar you spend
Most stores will give you a discount if you pay with credit instead of cash or debit
It pulls money directly from your bank account, preventing you from overspending
If you do not have the money to pay your monthly bill, you can just wait a few months and pay the same amount then

Answers

The statement which includes one real benefit from shopping with a credit card is:

A. You may earn cash back, travel rewards, or other perks for each dollar you spend

A credit card is a payment card that is authorised by a financial institution which allows the owner of the card to make purchases based on his available card debit limit

There are various benefits to using a credit card which include:

A user can earn rewards or cash back when he spends with his credit cardA thief would not be able to successfully use a stolen credit cardIt is easier to make disputes on a transaction, etc

Therefore, the correct answer is option A

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Which of the following is an
example of an operative
employee?

Answers

Explanation:

I just did this yesterday!

its assembled line worker

Students in a school-to-work program have the opportunity to participate in all of the following except:

Answers

Students in a school-to-work program have the opportunity to participate in all of the following except: D.dual enrollment courses.

What is dual enrollment courses?

Dual enrollment courses can be defined as those courses that are college courses but which are available for high schools student to partake of. One of the advantage of this course is that it gives high school student the opportunity to have an  Associate degree.

Students in a school-to-work program have the opportunity to participate in:

Internships.Job shadows.Apprenticeships

Therefore the correct option is D.

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The complete question is:

Students in a school-to-work program have the opportunity to participate in all of the following except:

A.internships.

B.job shadows.

C.apprenticeships.

D.dual enrollment courses.

When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must

Answers

When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.

This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.

To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.

Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.

Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.

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Remote Control Corporation sends a post-purchase questionnaire to all consumers who buy their products. They are interested in gathering data on product quality, customer service orientation, and customer satisfaction. This is an example of

Answers

Answer:

feedback control

Explanation:

From the question we are informed about Remote Control Corporation who sends a post-purchase questionnaire to all consumers who buy their products. They are interested in gathering data on product quality, customer service orientation, and customer satisfaction.in this case, This is an example of feedback control.

The feedback control can be regarded as practice of responding meaningfully to customers when they leave feedback. For instance, if a customer lay a complains about being overcharged, The response of the company could be an apology as well as issueing of a refund.Customers may give feedback in a situation whereby they have a particularly memorable experience

what is one major advantage of creating a division of labor?

Answers

Division of Labor's Benefits Many of the benefits of dividing labor in the workplace are self-evident. Saving time is one of them. Assigning tasks to each employee that are best suited to her abilities. Productivity is rising. For the tasks at hand, you only need one set of tools rather than many.

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6. Describe at least three things a bank would consider about you when deciding whether to give you a loan. (1-3 sentences. 3.0 points)

Answers

Explanation:

Your Credit History

Your Ability To Pay The Loan

Your Cash Flow History

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