How much more is a perpetuity of $1600 worth than an annuity of the same amount for 31 years? Assume an annual interest rate of 6% and cash flows at the end of each period. Given annual compoundin

$4,576

Explanation:

First we need to get the simple interest on $1600 for 31years a interest rate of 6%:

Simple interest = principal*rate*time/100

Given

principal = $1600

rate = 6%

time = 31years

SI = 1600*31*6/100

SI = 16*31*6

SI = $2,976

Next is to get the amount after 31 years

Amount = Principal+ Interest

Amount =  $1600+$2,976

Amount = $4,576

The amount worth after 31years is $4,576

the first successful, urban blues recording, selling more than 75,000 copies, was made in year 1920.

mamie smith recorded the first commercially successful example of the urban blues,   with the recording of “crazy blues”."crazy blues" was recorded on august 10, 1920, in new york city. within a month of the release of “crazy blues” it had sold 75,000 copies.