subject
Business, 23.06.2020 17:01 live4dramaoy0yf9

50 years ago, X amount of money was deposited at 5% interest rate (compounded yearly). Currently, there is Y amount of money in the account. Now, If we invest Y in a perpetual annuity we can get $24,000 at the end of each year, indefinitely. How much money was deposited originally (i. e., calculate X).

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 07:30
Select the correct answer the smith family adopted a child. the adoption procedure took about three months, and the family incurred various expenses. will the smiths receive and financial benefit for the taxable year? a) they will not receive any financial benefit for adopting the child b) their income tax component will decrease c) they will receive childcare grants d) they will receive a tax credit for the cost borne for adopting the child e) they will receive several tax deductions
Answers: 3
question
Business, 22.06.2019 18:00
What would not cause duff beer’s production possibilities curve to expand in the short run? a. improved manufacturing technology b. additional resources c. increased demand
Answers: 1
question
Business, 23.06.2019 02:00
Heyak believed that the economy could be hard to measure because
Answers: 2
question
Business, 23.06.2019 03:20
You have just made your first $5,500 contribution to your retirement account. assume you earn a return of 10 percent per year and make no additional contributions. a. what will your account be worth when you retire in 45 years? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. what if you wait 10 years before contributing?
Answers: 1
You know the right answer?
50 years ago, X amount of money was deposited at 5% interest rate (compounded yearly). Currently, th...
Questions
question
Mathematics, 17.11.2020 01:00
question
Spanish, 17.11.2020 01:00
question
Mathematics, 17.11.2020 01:00
question
Mathematics, 17.11.2020 01:00
question
Mathematics, 17.11.2020 01:00
Questions on the website: 13722363