What is the future value of a $400 per year ordinary annuity for ten years at 10 percent? Note: provide answer in full dollars/cents form, e.g., $1,234.56

Answers

Answer 1

Answer:

An ordinary annuity has payments made at the end of each period, while an annuity due has payments made at the beginning of each period.

Now, let's calculate the future value of the annuity due, given that the future value of the ordinary annuity is $100,000 and the interest rate is 5 per cent.

Step 1: Determine the future value factor of the ordinary annuity.

Future Value of Ordinary Annuity (FVOA) = $100,000

Interest Rate (r) = 5% = 0.05

Number of Periods (n) = 5 years

Step 2: Use the FVOA formula to find the annuity payment (PMT).

FVOA = PMT * [(1 + r)ⁿ - 1] / r

$100,000 = PMT * [(1 + 0.05)⁵ - 1] / 0.05

PMT = $18,039.37 (approx.)

Step 3: Calculate the future value of the annuity due (FVAD).

FVAD = PMT * [(1 + r)ⁿ - 1] / r * (1 + r)

FVAD = $18,039.37 * [(1 + 0.05)⁵ - 1] / 0.05 * (1 + 0.05)

FVAD = $105,000 (approx.)

Step-by-step explanation:


Related Questions

Complete the table. Answer should be T or F.

P Q

T F P V Q P ^ Q P -> Q -P -Q -P V -Q -P -> Q -P -> -Q P <-> Q
F T P V Q P ^ Q P -> Q -P -Q -P V -Q -P -> Q -P -> -Q P <-> Q

Answers

P Q P V Q P ^ Q P -> Q -P -Q -P V -Q -P -> Q -P -> -Q P <-> Q

T T T T T F F F F F T    T

F T T F F T T T T T F    F

P F T F F T T T T T F     F

-P T T F F T T T T T F     F

-Q T T T T F T F F F T     T

-P V -Q T T F F T T T T T F

-P -> Q T T F F T T T T T F

-P -> -Q T T F F T T T T T F

P <-> Q T T T T F T T T T F

Here is a more detailed explanation of how I filled out the table:

P | Q : This column is simply the truth value of P and Q. If P and Q are both true, then the entry in this column is T. If P is true and Q is false, then the entry in this column is F. If P is false and Q is true, then the entry in this column is F. And if P and Q are both false, then the entry in this column is T.

P V Q : This column is the truth value of P or Q. If P is true, then the entry in this column is T. If Q is true, then the entry in this column is T. And if P and Q are both false, then the entry in this column is F.

P ^ Q : This column is the truth value of P and Q. If P and Q are both true, then the entry in this column is T. And if P and Q are both false, then the entry in this column is F.

P -> Q : This column is the truth value of P implies Q. If P is true and Q is false, then the entry in this column is F. And if P is false or Q is true, then the entry in this column is T.

-P : This column is the negation of P. If P is true, then the entry in this column is F. And if P is false, then the entry in this column is T.

-Q : This column is the negation of Q. If Q is true, then the entry in this column is F. And if Q is false, then the entry in this column is T.

-P V -Q : This column is the truth value of not P or not Q. If P and Q are both true, then the entry in this column is F. If P and Q are both false, then the entry in this column is T. And if P or Q is true, then the entry in this column is T.

-P -> Q : This column is the truth value of not P implies Q. If P is true and Q is false, then the entry in this column is T. And if P is false or Q is true, then the entry in this column is F.

-P -> -Q : This column is the truth value of not P implies not Q. If P and Q are both true, then the entry in this column is T. If P is false or Q is false, then the entry in this column is T. And if P is true and Q is true, then the entry in this column is F.

P <-> Q : This column is the truth value of P if and only if Q. If P and Q are both true or P and Q are both false, then the entry in this column is T. And if P and Q have different truth values, then the entry in this column is F.

for more such questions on truth value

https://brainly.com/question/7483637

#SPJ8

the sum of two numbers is 59. the didference between the two numbers is 11 which is the smaller of the two numbers

Answers

The larger number is 35.Let's assume the two numbers are represented by the variables "x" and "y," where "x" is the smaller number.

Equation 1: x + y = 59 (The sum of the two numbers is 59)

Equation 2: x - y = 11 (The difference between the two numbers is 11, with the smaller number being y)

According to the given information, the sum of the two numbers is 59, which can be expressed as:

x + y = 59

The difference between the two numbers is 11, with "x" being the smaller number. This can be expressed as:

y - x = 11

We can now solve these two equations simultaneously to find the values of "x" and "y."

Rearranging the first equation to solve for "y" gives us:

y = 59 - x

Substituting this value of "y" into the second equation:

(59 - x) - x = 11

Simplifying the equation:

59 - 2x = 11

Subtracting 59 from both sides:

-2x = 11 - 59

-2x = -48

Dividing both sides by -2:

x = -48 / -2

x = 24

Therefore, the smaller number is 24. To find the larger number, we substitute the value of "x" into the first equation:

24 + y = 59

y = 59 - 24

y = 35.

For more such questions on Variables:

https://brainly.com/question/2804470

#SPJ8

A circle has a radius of 4 ft.

What is the area of the sector formed by a central angle measuring 260°?

Use 3.14 for pi.

Enter your answer, rounded to the nearest tenth in the box.

Answers

The area of the sector is approximately 36.0 ft²

What is the area of the sector?

To find the area of the sector formed by a central angle of 260° in a circle with a radius of 4 ft, you can use the formula:

Area of sector = (θ/360°) * π * r²

where θ is the central angle in degrees, π is the value of pi, and r is the radius.

Plugging in the values:

θ = 260°

r = 4 ft

π = 3.14

Area of sector = (260/360) * 3.14 * 4²

Area of sector = (0.7222) * 3.14 * 16 = 36.3 square feet

Learn more on area of sector here;

https://brainly.com/question/30607726

#SPJ1

24. What is the cost for 5 t-shirts that cost $10 with a sales tax of 6%?

$3
$56
$50
$53

Answers

The cost for 5 t-shirts, including Sales tax, is $53.

The cost of 5 t-shirts with a price of $10 each and a sales tax of 6%, we need to multiply the total price of the t-shirts by the sales tax rate and add it to the original price.

The original price of one t-shirt is $10. Therefore, the total price of 5 t-shirts is:

$10 * 5 = $50

To calculate the sales tax, we need to multiply the total price by the sales tax rate of 6%:

$50 * 6% = $50 * 0.06 = $3

Adding the sales tax to the total price:

$50 + $3 = $53

Therefore, the cost for 5 t-shirts, including sales tax, is $53.

The correct answer is: $53.

For more questions Sales .

https://brainly.com/question/31509025

#SPJ8

Need help with top problem. Maybe bottom too

Answers

1) The area of a circle circumscribed about a square is 307.7 cm².

2.a.) The angle ACB is 39 degrees.°.

2b.) The value of x is 5.42.

How to determine the area of a circle?

We shall find the radius to determine the area of a circle.

First,  find the side length of the square:

Since the perimeter of the square = 56 cm, then, each side of the square is 56 cm / 4 = 14 cm.

Next, find the diagonal of the square, using the Pythagorean theorem:

Diagonal = the diameter of the circumscribed circle.

Diagonal² = side length² + side length²

= 14 cm² + 14 cm²

= 196 cm² + 196 cm²

= 392 cm²

Take the square root of both sides:

Diagonal = √392 cm ≈ 19.80 cm (rounded to two decimal places)

Then, the radius of the circle which is half the diagonal:

Radius = Diagonal / 2 ≈ 19.80 cm / 2 ≈ 9.90 cm (rounded to two decimal places)

Finally, compute the area of the circle using the formula:

Area = π * Radius²

Area = 3.14 * (9.90 cm)²

Area ≈ 307.7 cm² (rounded to two decimal places)

Therefore, the area of the circle that is circumscribed about a square with a perimeter of 56 cm is 307.7 cm².

2. a) We use the property of angles in a circle to solve for angle ACB: an angle inscribed in a circle is half the measure of its intercepted arc.

Given that arc AB has a measure of 78°, we can find angle ACB as follows:

Angle ACB = 1/2 * arc AB

= 1/2 * 78°

= 39°

Therefore, the angle ACB is 39 degrees.

2b.) To solve for the value of x, we use the information that the angle ADB =  (3x - 12)⁴.

Given that angle ADB is (3x - 12)⁴, we can equate it to the measure of the intercepted arc AB, which is 78°:

(3x - 12)⁴ = 78

Solve the equation for x, by taking the fourth root of both sides:

∛∛((3x - 12)⁴) = ∛∛78

Simplify,

3x - 12 = ∛(78)

Isolate x by adding 12 to both sides:

3x - 12 + 12 = ∛(78) + 12

3x = ∛(78) + 12

Finally, divide both sides by 3:

x = (∛(78) + 12) / 3

x = (4.27 +12) / 3

x = 5.42

So, x is 5.42

Therefore,

1) The area of the circle is 154 cm².

2a.) Angle ACB is equal to 102°.

2b.) The value of x is 5.42

Learn more about the area of a circle at brainly.com/question/12374325

#SPJ1

Find the sum of the first 27 terms
of the arithmetic sequence.
First, fill in the equation.
a₁
= 5 and a27
Sn = 2/(a₁ + an)
Sn
=
[?]
2
+
=
83

Answers

Answer:

S₂₇ = 1188

Step-by-step explanation:

using the given formula for [tex]S_{n}[/tex] , that is

[tex]S_{n}[/tex] = [tex]\frac{n}{2}[/tex] (a₁ + [tex]a_{n}[/tex] )

with a₁ = 5 and [tex]a_{n}[/tex] = a₂₇ = 83 , then

S₂₇ = [tex]\frac{27}{2}[/tex] (5 + 83) = 13.5 × 88 = 1188

Show your work please help me it’s due tomorrow!!!!

Answers

Answer: Consider me the brainiest. The answer is... Decimal form =4.083

Exact form= 49/12

The mixed number form=4 1/12

How do we solve fractions step by step?

Conversion a mixed number 2  1/3 to a improper fraction: 2 1/3 = 2  1/3 = 2 3 + 1/3 = 6 + 1/3 = 7/3

To find a new numerator

A;   Multiply the whole number 2 by the denominator 3. Whole number 2 equally 2 * 3/3 = 6/3

b) Add the answer from the previous step 6 to the numerator 1. The new numerator is 6 + 1 = 7

c) Write a previous answer (new numerator 7) over the denominator 3.

Two and one-third are seven-thirds.

Conversion a mixed number 1  3/4 to a improper fraction: 1 3/4 = 1  3/4 = 1 · 4 + 3/4 = 4 + 3/4 = 7/4

To find a new numerator:

a) Multiply the whole number 1 by the denominator 4. Whole number 1 equally 1 * 4/4 = 4/4

b) Add the answer from the previous step 4 to the numerator 3. The new numerator is 4 + 3 = 7

c) Write a previous answer (new numerator 7) over the denominator 4. One and three quarters are seven quarters.

Add: 7/3 + 7/4 = 7 · 4/3 · 4 + 7 · 3/4 · 3 = 28/12 + 21/12 = 28 + 21/12 = 49/12 It

is suitable to adjust both fractions to a common (equal, identical) denominator for adding, subtracting, and comparing fractions.  The common denominator you can calculate as the least common multiple of both denominators - LCM(3, 4) = 12.  It is enough to find the common denominator (not necessarily the lowest) by multiplying the denominators: 3 × 4 = 12. In the following intermediate step, it cannot further simplify the fraction result by cancelling.  In other words - seven thirds plus seven quarters is forty-nine twelfths.

Other Questions
Find the values of x for which the series converges. (Enter your answer using interval notation.) Sigma n=1 to infinity (x + 2)^n Find the sum of the series for those values of x. In 2021, an individual taxpayer has $863,000 of taxable income that includes $48,000 of 0%/15%/20% long-term capital gain. Which of the following statements is correct? Oa. All of the LTCG will be taxed at 20%. Ob. All of the LTCG will be taxed at 0%. . c. All of the LTCG will be taxed at 15%. d. Some of the LTCG will be taxed at 15% and some at 20%. the slope field shown is for the differential equation y/x=ky2y62 , where k is a constant. what is the value of k ?A. 2B. 4C. 6D. 8 All are, example of Sexual reproduction in plant except. a.cutting B.tissues culture c.Sporoulation d. cloning Discuss two strategies for affective commitment and include action plans for each, and state how each strategy would potentially increase affective commitment (rather than continuance commitment.) Answers/opinions should be based on CANADIAN laws and requirements ONLYReferences required Change to interrogative sentenceQ-1)Sam is the leader of the group.Ans- ____________________.Q-2)I speak Spanish.Ans- ____________.Q-3)They liked to play football.Ans- _________________.Q-4)He can do this work.Ans- _____________________.Q-5)A great deal of research has been done on the projectAns- ________________________________________. Seenario Recession Normal economy Beam Probability 0.20 Rate of Teturn Stock Bonds -73 205 221 113 33 78 0.60 0.20 a. Is it reasonable to assume that Treasury bonds will provide higher returns in recessions than in booms? No Yes b. Calculate the expected rate of return and standard deviation for each investment. (Do not round intermed your answers as a percent rounded to 1 decimal place.) Expected Rate of Return 9 % Standard Deviation % Stocks Bonds Prey 4 of 5 il Next > A 60 kg astronaut in a full space suit (mass of 130 kg) presses down on a panel on the outside of her spacecraft with a force of 10 N for 1 second. The spaceship has a radius of 3 m and mass of 91000 kg. Unfortunately, the astronaut forgot to tie herself to the spacecraft. (a) What velocity does the push result in for the astronaut, who is initially at rest? Be sure to state any assumptions you might make in your calculation.(b) Is the astronaut going to remain gravitationally bound to the spaceship or does the astronaut escape from the ship? Explain with a calculation.(c) The quick-thinking astronaut has a toolbelt with total mass of 5 kg and decides on a plan to throw the toolbelt so that she can stop herself floating away. In what direction should the astronaut throw the belt to most easily stop moving and with what speed must the astronaut throw it to reduce her speed to 0? Be sure to explain why the method you used is valid.(d) If the drifting astronaut has nothing to throw, she could catch something thrown to her by another astronaut on the spacecraft and then she could throw that same object.Explain whether the drifting astronaut can stop if she throws the object at the same throwing speed as the other astronaut. 22. (6 points) The time to complete a standardized exam is approximately Normal with a mean of 70 minutes and a standard deviation of 10 minutes. a) If a student is randomly selected, what is the probability that the student completes the exam in less than 45 minutes? b) How much time should be given to complete the exam so 80% of the students will complete the exam in the time given? a 2 kilogram cart has a velocity of 4 meters per second to the right. it collides with a 5 kilogram cart moving to the left at 1 meter per second. after the collision, the two carts stick together. can the magnitude and the direction of the velocity of the two carts after the collision be determined from the given information for example, we have a job scheduling task, here job weights resemble job priority. if all job weights are identical, should we schedule shorter or longer jobs earlier? an atom's configuration based on its number of electrons ends at 3p2. another atom has eight more electrons. starting at 3p, what would be the remaining configuration? draw a ppf that represents the tradeoffs for producing bicycles or motorcycles. use the drop box to upload an image or file containing your ppf. Help as soon as possible Consider how the image of a replicated chromosome below relates to DNA replication. Then, select the one true statement Identical sister chromatids Both chromatids consist entirely of daughter strands. Each chromatid has a daughter strand and a parental strand of DNA. Centromere One chromatid consists of newly replicated DNA, whereas the other chromatid consists of parental DNA. Replicated chromosome The following option prices were observed for calls and puts on a stock on July 6 of a particular year. The stock was priced at $163.85. The expirations are July 17, August 21 and October 16. The continuously compounded risk free rates associated with the three expirations are 0.0207, 0.0229 and 0.0255. The standard deviation is 0.33. A strip is variation of a straddle involving two puts and a call. Construct a short strip using the August 170 options. Hold the position until the options expire. The stock price at expiration is 160. Use the Click to open: model to solve this Compute the following by typing in your answers below (i) Provide all the inputs that you will enter in the Excel. (ii) Identify the break even stock prices at expiration minimum profits (ii) Compute the Calls Puts Strike Jul Aug Oct Jul Aug 160 5.15 7.25 10.25 0.18 1.95 165 1.85 4.60 7.25 1.60 3.95 170 0.20 2.60 5.35 4.95 6.70 Oct 3.70 5.95 8.20 Scenario: You have been selected to lead a team to implement a new policy for your company. Your company is a law firm with offices in San Antonio, Dallas, Austin, Houston and Corpus Christi. You are in San Antonio and the headquarters are in Austin. The Firm has decided that in an effort to increase the attractiveness of the Firm as an employer of choice, the Firm should allow employees to bring their pets to work. Not just medically approved therapy animals, but any family pet. See article on back side of this case.Word has already spread about this new initiative many are excited about bringing these important family members to the workplace. However, many others are concerned about allergies, as well as if the pets will get along with other pets, also questions about if all of our employees will be able to participate or just some employees, the list of concerns goes on and on and on. You mentioned these concerns to the Austin Headquarters and they have agreed that you may hire an HR Project Manager to help with any issues that might arise. The Firm also reemphasized how confident they are in you and the San Antonio offices ability to implement this policy stating "If our high profile San Antonio offices can make this a success then we should be able to implement this policy Firm-wide, dramatically increasing our ability to recruit employees who will see this as an important benefit."Question 3)Selection-Evaluation-Compensation Which of the following best practices from the Selection-Evaluation-Compensation Grid might guide us as we hire our HR Project Manager Professional to assist with the issues that may/will arrive with this initiative. Circle the best practices that apply.Recruiting DiamondJob Fusion TriangleIdentification1. Briefly describe what from these best practices will help in our recruiting and hiring approach:2. Going back to KASH and Stimulus Fraction describe a picture of the person youd like to have in this new HR position3. Write out a couple questions you might want to ask an individual we may interview for this position. A positive differentiation factor based on a product's experience or credence characteristics typically presents sellers with less of communication challenge compared with search characteristics. Select one: O True O False for a standard normal distribution, the probability of obtaining a z value between -2.4 to -2.0 is the positive variables p and c change with respect to time t. the relationship between p and c is given by the equation p2=