Assume you are to receive a 20-year annuity with annual payments of $50. The first payment will be received at the end of Year 1, and the last payment will be received at the end of Year 20. You will invest each payment in an account that pays 10%
What will be the value in your account at the end of Year 30?
A) $6,354.81
B) $7,427.83
C) $7,922.33
D) $8,591.00
E) $6,752.46
B
You might also like to view...
Which of the following best describes the subject line for a document that will be read on a mobile device?
A) Unnecessary B) Shorter C) More detailed D) Needed only when the audience isn't expecting the communication E) Needed only if the audience does not know the sender
Which of the informal elements of ethics focuses on narratives of the organization to provide meaning, values, and desired behavior?
A. language B. stories C. norms D. rituals
An ordinary annuity is defined as an annuity for which the cash flows occur at the beginning of each year or payment period
Indicate whether the statement is true or false.
Define marketspace. Identify the major components and players in the marketspace
What will be an ideal response?