Time value of money calculations can be solved using a mathematical equation, a financial calculator, or a spreadsheet. Which of the following equations can be used to solve for the present value of an ordinary annuity?
PMT/r
PMT x {1 – [1/(1 + r)nn]}/r
PMT x {[(1 + r)nn – 1]/r}
PMT x {[(1 + r)nn – 1]/r} x (1 + r)
Not finding this in my book, googling isn't helping either. Equations like this are really confusing for me, any help is greatly appreciated.

Answers

Answer 1

The equation that can be used to solve for the present value of an ordinary annuity is PMT x {[(1 + r)nn – 1]/r}, where PMT represents the regular payment amount, r represents the interest rate per period, and nn represents the number of payment periods.

This equation takes into account the time value of money, which means that money received today is worth more than the same amount received in the future due to the potential for growth and inflation. By using this equation, the present value of the annuity can be calculated, which represents the current value of the stream of future payments.

This is useful for making investment decisions or evaluating the value of a financial product. Additionally, this equation can be easily inputted into a spreadsheet or financial calculator, which simplifies the calculations and reduces the potential for errors. Therefore, the use of this equation is essential for financial planning and decision-making.

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Related Questions

If you wanted to make sure a company has enough money available to pay its bills, which financial statement would
be most helpful?
А. Balance sheet
B. Income statement
C. Statement of owners' equity
D. Cash flow statement

Answers

Answer:

D. Cash flow statement

Explanation:

that is the answer

hope I helped you

gina has a balance of -$10.26 in her bank account. aliyah has a balance of $10.52 in her bank account. what is the difference between their balances?

Answers

The difference between their balances is $0.26

The difference between Gina's and Aliyah's balances is $20.78

To find the difference between Gina's and Aliyah's balances, you need to add Gina's balance to Aliyah's balance. Since Gina has a negative balance of -$10.26, you can just add the absolute value of her balance to Aliyah's balance. The absolute value of -$10.26 is $10.26. Adding $10.26 to $10.52 gives you a total of $20.78.

Therefore, the difference between their balances is $20.78
Gina's balance is -$10.26 while Aliyah's balance is $10.52. The difference between their balances is calculated by adding the absolute value of Gina's balance to Aliyah's balance. The absolute value of -$10.26 is $10.26. Adding $10.26 to $10.52 gives you a total of $20.78. Therefore, the difference between Gina's and Aliyah's balances is $20.78.

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Which of the following food systems career opportunities has the highest job growth rate?
butchers
chefs
food scientists
bakers

Answers

Answer: chefs has highest job growth rate
Chefs has the highest growth rate

can someone tell me what car u like bc i need inspo, like a V6 or something​

Answers

Answer:

My personal favs are the Ford GT 2017, the Lamborghini Veneno, the Aston Martin Vulcan, and the Koenigsegg Jesko.

Will the grading period effect what college you will go to later on?
A (True)
B (False)

Answers

Answer: A

Explanation:

Answer:

NO

Explanation:

Think about the Income Statement: Riverside Enterprises has sales revenue of $613,000 with costs of $479,000. Interest expense is $26,000 and depreciation is $48,000. Riverside's tax rate is 25%. What is the firm's net income

Answers

To calculate Riverside Enterprises' net income, we need to subtract all expenses and taxes from the sales revenue.

First, we need to calculate earnings before interest and taxes (EBIT) by subtracting costs, depreciation, and interest from sales revenue:
EBIT = $613,000 - $479,000 - $48,000 - $26,000 = $60,000 Next, we need to calculate the firm's income tax expense:
Income tax expense = EBIT x tax rate = $60,000 x 0.25 = $15,000
Finally, we can calculate Riverside's net income by subtracting income tax expense from EBIT:
Net income = EBIT - income tax expense = $60,000 - $15,000 = $45,000
Therefore, Riverside Enterprises' net income is $45,000.

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how should you protect a printed classified document when it is not in use

Answers

Classified information can be stored in a locked security container when they're not in use.

Classified information refers to the material that contains sensitive information and is protected by the government.

Classified information is the information that is protected against unauthorized disclosure.

In order to keep printed classified information, they can be stored in a locked security container when they're not in use. This is essential in order to prevent unauthorized access to the information.

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what happens when the government runs out of money?

Answers

Answer:

cdtdtuky ue ysruosixsyxsiysc

no one will get paid any money

The employment process is carried out by which department?

Answers

Answer:

The hiring process is the process of reviewing applications, selecting the right candidates to interview, testing candidates, choosing between candidates to make the hiring decision and performing various pre-employment tests and checks.

Explanation:

The employment process is carried out by Human Resources (HR) division manages the hiring procedure is department.

The HR department is in charge of handling the entire employee life cycle, which includes hiring, onboarding, training, terminating, and providing benefits to employees.

Reviewing applications, identifying the best applicants for interviews, testing candidates, deciding amongst candidates to hire, and carrying out different pre-employment exams and inspections are all part of the hiring process.

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Jesse wants to work as a public relations specialist. What academic requirements should he complete?
A.
a bachelor’s degree
B.
on-the-job training
C.
a technical program
D.
a doctorate degree
E.
high school

Answers

Answer:

A.

Explanation:

a bachelor's degree

Answer:

"A 4-year bachelor's degree in a PR-related area like journalism, marketing or communications is frequently required for entry-level positions."-Google

So the answer should be A.

Corinth's labor supply grew by 1.4% and land stock grew by 1% from 425 BCE to 424 BCE. Landowners received 50% of income. If total factor productivity grew by 0.3% find the growth rate of aggregate output.

Answers

Answer:

1.51%

Explanation:

Recall that:

Total Output  = \(A\times K^a \times ^{1-a}\)

here;

A = total productivity factor

K = capital input

L = labor input

SInce  Landowners gets 50% of income; then a = 0.50

\(= A\times K^ {0.50} \times ^{1-0.50}\)

Output at 424BBC

\(= 1.003A \times (1.014K)^{0.5}(1.01L)^{0.5}\)

\(= 1.003 \times (1.007)(1.005)AK^{0.5}L^{0.5}\)

\(=1.0151AK^{0.5}L^{0.5}\)

Thus, the growth rate from 425 BCE to 424 BCE :

= 1.0151 - 1

= 0.0151

= 1.51%

Which of the following is the term for the study of how messages affect people?
A) critical thinking
B) strategic planning
C) feedback
D) rhetoric
E) salience

Answers

The term for the study of how messages affect people is D) rhetoric.

Rhetoric is the art of using language to persuade, influence, or inform an audience. It involves the use of various techniques, such as figurative language, rhetorical questions, and appeals to emotions, to achieve a specific purpose.

The study of rhetoric can help individuals better understand how messages are constructed and how they can be used to influence others. It can also help individuals become more critical consumers of messages, allowing them to analyze and evaluate the effectiveness of different communication strategies.

Overall, rhetoric is a crucial field of study for anyone interested in communication, persuasion, and the impact of language on society.

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Advances in technology has increased the number of people needed to

A. Develop computer software
B. Teach children in schools
C. Work on assembly lines
D. Serve in the military

Answers

Answer:

A. develop computer software

which of the following best describes the study of economics? a. a study concerned with how to make money. b. a fuzzy combination of wall street an insurance. c. a study of how society uses its goods and services in determining the proper distribution of income. d. a study of how society uses its scarce economic resources in satisfying the unlimited desires of society.

Answers

The study of economics is best described as option C - a study of how society uses its goods and services in determining the proper distribution of income.

Economics is the social science that deals with the production, consumption, and distribution of goods and services. It is concerned with how individuals, businesses, and governments make choices about how to allocate resources to satisfy their wants and needs. Economics aims to explain how markets work, why prices fluctuate, and how different economic systems operate.

In particular, the study of economics is concerned with analyzing the trade-offs between competing alternatives, such as the costs and benefits of different policies, and how these decisions affect the distribution of income and wealth within society. This involves studying topics such as inflation, unemployment, economic growth, taxation, and government spending. Overall, the study of economics is a crucial field for understanding how our society functions and for making informed decisions about public policy. The correct option is C.

The complete question is:

Which of the following best describes the study of economics?

a. a study concerned with how to make money.

b. a fuzzy combination of wall street an insurance.

c. a study of how society uses its goods and services in determining the proper distribution of income.

d. a study of how society uses its scarce economic resources in satisfying the unlimited desires of society.

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What are three factors that affect price equilibrium and how does each factor affect it?

Answers


As you can see, an increase in demand causes the equilibrium price to rise. On the other hand, a decrease in demand causes the equilibrium price to fall. An increase in supply causes the equilibrium price to fall, while a decrease in supply causes the equilibrium price to rise.

In the United States, African Americans, Native Americans, and Asian Pacific Americans are considered the largest ______ minority groups.

Answers

In the United States, African Americans, Native Americans, and Asian Pacific Americans are considered the largest racial minority groups.

minority group is a group of people who are less numerous than the major groups within those groupings in terms of their practices, color, religion, ethnicity, or other traits.

Racial minority groups are a group of people of a particular race who are underrepresented in comparison to a bigger group, the general public, etc.

However, the term "minority" in the 1990s typically refers to four significant racial and ethnic groups: African Americans, American Indians and Alaska Natives, Asians and Pacific Islanders, and Hispanics. In some states and regions, this change in America's racial and ethnic makeup is most obvious.

Because everyone has a unique perspective on everything, it is crucial to respect the opinions of all people, including those who do not belong to the majority, minority, or even just one single guy. Some people are upbeat, therefore depending on the situation, they may be in the majority or minority.

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what challenges does mall of america face as it strives to continue its success?

Answers

The Mall of America, as a large shopping complex, faces a number of challenges as it seeks to maintain its success. One challenge is the changing retail landscape, with the rise of online shopping and the decline of brick-and-mortar stores.

The mall must adapt to these changes by offering unique experiences and amenities that cannot be replicated online. Additionally, the mall must attract and retain popular retailers, as competition for these tenants can be fierce. Another challenge is maintaining the infrastructure of the massive building and ensuring a pleasant shopping experience for visitors.

As the mall continues to expand, it must also consider the impact on the surrounding community and the environment. To overcome these challenges, the Mall of America should continuously adapt to changing consumer preferences, incorporate innovative entertainment options, and maintain a strong focus on safety and security measures.

Finally, security and safety concerns are always present, particularly in a large public space like the Mall of America. Addressing these challenges will be crucial for the mall to continue its success in the future.

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Which expense category will most likely be changed to allow money for the purchase of a car?
O savings
groceries
Outilities
o entertainment

Answers

entertainment! for sure. you dont need to go to the movies but you need food lol

It is likely that the savings category will be changed to allow money for the purchase of a car.

What is saving?

Saving refers to the act of setting aside a portion of income or resources for future use. It is a critical aspect of personal finance as it allows individuals to plan for their long-term financial goals and provides a safety net in case of unexpected expenses or emergencies.

Saving can be done in a variety of ways, such as opening a savings account, investing in stocks or other assets, or simply keeping cash in a safe place. The amount saved can be small or large, depending on one's income and financial goals.

Some people save for specific goals, such as a down payment on a house or a college education for their children, while others save to build an emergency fund or to save for retirement.

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You deposited $2,000 seven years ago and haven't touched the account since. Now you have $3,656 in the bank. What was the annual interest rate assuming quarterly compounding?

Answers

The annual interest rate with quarterly compounding is 18%.

To determine the annual interest rate with quarterly compounding, we can use the formula:

A = P(1 + r/n)^(n*t)

Where A is the ending balance, P is the initial deposit, r is the interest rate, n is the number of times the interest is compounded per year, and t is the number of years.

In this case, we know that P = $2,000, A = $3,656, n = 4 (since the interest is compounded quarterly), and t = 7.

Substituting these values into the formula, we get:

$3,656 = $2,000(1 + r/4)^(4*7)

Simplifying the equation, we get:

(1 + r/4)^28 = 1.828

Taking the 28th root of both sides, we get:

1 + r/4 = 1.045

Subtracting 1 from both sides, we get:

r/4 = 0.045

Multiplying both sides by 4, we get:

r = 0.18, or 18%

This means that the account earned an average annual rate of return of 18% over the seven-year period, which is a very high rate of return.

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Which is the highest need of a human as perceived by Maslow’s hierarchy of needs?
A. belongingness
B. self-actualization
C. safety
D. basic needs

Answers

i think it’s self-actualization

According to Maslow's hierarchy of needs, the highest need of a human is self-actualization.

Self-actualization is the need to reach one's full potential and to become the best version of oneself. It is the need to be creative, to understand oneself, and to understand the world around us. It is the need for self-fulfillment and self-expression.

Self-actualization is the highest level of Maslow's hierarchy of needs because it is only when all the lower-level needs, such as basic needs, safety, belongingness, and esteem, have been met that an individual can truly focus on self-actualization. Without these lower-level needs being met, an individual will not have the resources or emotional stability to focus on self-actualization.

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Municipal bonds are issued by what?

Answers

Answer:

Hi, the correct answer to your question is they are securities issued by states, cities

etc/more.

Explanation:

They mostly do this for building like highways, roads and more. It is used to raise more money to build important things for our environment.

Hope this helps! :)

There are three different types of slings. What determines which type you use? Select all that apply.
Select the 2 answer options that apply.

What’s available at your worksite


The type of load


Environmental factors


The type of crane

Answers

Answer:the type of load

environmental factors

Explanation:

Answer:

The type of load

Environmental factors

Explanation: Took the test and got it right.

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.

If the marginal propensity to consume (MPC) is 0.75, and if the goal is to increase real GDP by $400 million, then by how much would government spending have to change to generate this increase in real GDP? Group of answer choices

Answers

Answer:

Government spending would have to change by $1.6 billion

Explanation:

The marginal propensity to consume (MPC) refers to the proportion of an increase in aggregate income that is spent on consumption of commodities by a consumer.

Since from the question, we have:

MPC = Marginal propensity to consume = 0.75

The MPC can therefore be used to calculate the fiscal multiplier which measures the effect of government spending on real GDP as follows:

Fiscal multiplier = 1 / (1 - MPC) = 1 / (1 - 0.75) = 1 / 0.25 = 4.0

Therefore, we have:

Change in government spending = Fiscal multiplier * Amount of targeted increase real GDP = 4.0 * $400 million = $1.6 billion

Therefore, government spending would have to change by $1.6 billion to generate $400 million increase in real GDP.

Interest earned on a savings account is _____.

Answers

Explanation:

Interest earned on a savings account is everfi

Which of the following statements would be considered pros of globalization?

Increased competition between countries

Increased immigration of unskilled workers

Increased public funding for education and immigration of those citizens with education

Increased consumption of wide variety of goods leading to increased production

Answers

Answer:

increased consumption of wide variety of goods leading to increased production.

Explanation:

im sorry if i get it wrong

explain any 3 savings offered by postal service​

Answers

Savings accounts come in a variety of varieties, and they are not all the same. Traditional savings accounts, high-yield savings accounts, money market savings accounts, certificates of deposit, cash management savings accounts, and speciality savings accounts are available.

What postal savings accounts are and how they work

From 1911 through 1967, the United States ran a postal savings program that allowed people to deposit money in accounts secured by the government and generating interest. However, as commercial banks raised the interest rates on savings accounts, the Postal Savings System's popularity fell, and the program was abandoned in 1967.

What are the finest Post Office savings?

The outcomes are guaranteed because this post office initiative is sponsored by the Indian government. The interest rate for the current quarter is 6.8%. (October 2022–December 2022). This fixed-income savings plan has a five-year term. Therefore, the lock-in time is also five years.

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group
placebo
asprin
mini-stroke
stroke
240
259
185
219
no stroke
19443
19530
use software to test independence. show (i)
assumptions (ii) hypotheses (iii) test statistic (iv) p-value (V) conclusion

Answers

To test the independence between the occurrence of a mini-stroke (placebo or aspirin) and the subsequent occurrence of a stroke, you can perform a chi-square test of independence using statistical software.

Here is the information you provided: (i) Assumptions: The observations are independent.

The expected frequencies in each cell are greater than or equal to 5.

(ii) Hypotheses: Null Hypothesis (H0): The occurrence of a mini-stroke is independent of the subsequent occurrence of a stroke.

Alternative Hypothesis (Ha): The occurrence of a mini-stroke is dependent on the subsequent occurrence of a stroke.

(iii) Test Statistic: The chi-square test statistic measures the difference between the observed and expected frequencies in each cell of the contingency table.

(iv) P-value: The p-value represents the probability of observing the data, or more extreme data, if the null hypothesis is true. It indicates the strength of evidence against the null hypothesis.

(v) Conclusion: Based on the calculated test statistic and p-value, you can make a conclusion about the independence between mini-strokes and subsequent strokes. If the p-value is less than the chosen significance level (e.g., 0.05), you would reject the null hypothesis and conclude that there is evidence of a relationship between mini-strokes and subsequent strokes. If the p-value is greater than the significance level, you would fail to reject the null hypothesis, indicating no significant evidence of a relationship.

Please note that to obtain the precise values for assumptions, hypotheses, test statistic, p-value, and conclusion, you would need to use statistical software with the provided data.

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According to the video, which qualities do Lawyers need? Select all that apply.

x mechanical skills
x aggressiveness
intelligence
x physical fitness
determination
moral and ethical integrity
people skills

According to the video, which qualities do Lawyers need? Select all that apply.x mechanical skillsx aggressivenessintelligencex

Answers

Answer:

C E F G

Explanation:

According to the video, The qualities Lawyers need, The first is intelligence, the second one was determination, moral and ethical integrity people skills.

What are skills?

A skill is the acquired capacity to move with deliberate intent and good execution, frequently in a pre-determined window of time or energy or both. Domain-general and domain-specific skills are two common categories of skills.

As, The qualities the lawyer needs in the Curveballs will probably be thrown throughout a case session, and they must be able to understand them and react accordingly.

As, The important quality, the lawyer needs is zeal for one's work. Successful attorneys nearly usually have a genuine enthusiasm for what they do as a profession.

Therefore, The right option (C, E, F, G)) is correct.

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How important is money

Answers

Answer:

very important

Explanation:

money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.

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