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 00:00
If his parents cannot alex with college, and two of his scholarships will be awarded to other students if he does not accept them immediately, which is the best option for him?
Answers: 1
question
Business, 22.06.2019 03:00
Tina is applying for the position of a daycare assistant at a local childcare center. which document should tina send with a résumé to her potential employer? a. educational certificate b. work experience certificate c. cover letter d. follow-up letter
Answers: 1
question
Business, 22.06.2019 06:00
Josie just bought her first fish tank a 36 -gallon glass aquarium, which she’s been saving up for almost a year to buy. for josie, the fish tank is most likely what type of purchase
Answers: 1
question
Business, 22.06.2019 14:30
Stella company sells only two products, product a and product b. product a product b total selling price $50 $30 variable cost per unit $20 $10 total fixed costs $2,110,000 stella sells two units of product a for each unit it sells of product b. stella faces a tax rate of 40%. stella desires a net afterminustax income of $54,000. the breakeven point in units would be
Answers: 3
You know the right answer?
50 years ago, X amount of money was deposited at 5% interest rate (compounded yearly). Currently, th...
Questions
question
History, 05.05.2020 14:47
question
Mathematics, 05.05.2020 14:47
question
Health, 05.05.2020 14:47
question
Mathematics, 05.05.2020 14:47
Questions on the website: 13722363