Karen and mike currently insure their cars with separate companies, paying $600 and $800 a year. if they insured both cars with the same company, they would save 12 percent on the annual premiums. what would be the future value of the annual savings over 10 years based on an annual interest rate of 5 percent? use exhibit 1-b. (round time value factor to 3 decimal places and final answer to 2 decimal places.)
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Karen and mike currently insure their cars with separate companies, paying $600 and $800 a year. if they insured both cars with the same ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Cleaning the clothes dryer lint filter would be an example of what type of maintenance?
Answers (1)
Betty's bakery has a three-year agreement with frank's farm to purchase ten dozen eggs every week. after two years, betty's bakery wants to change the suppliers that will lead to a breach of their agreement.
Answers (1)
When reviewing the balance sheet for Portable Pet Care, Inc., a mobile small animal care business, Ricky noted the following information: Company assets totaling $3.5 million, and liabilities totaling $1.3 million.
Answers (1)
Which components of aggregate expenditure are influenced by real gdp?
Answers (1)
Which of the following statements concerning manufacturing costs is incorrect? Multiple Choice All salaries incurred by the sales department are expensed as incurred. Direct labor costs are recorded initially in an inventory account.
Answers (2)
New Questions in Business
Your parents surprise you with a $500 check. As a result, the U. S. GDP decreases because you have to pay taxes on this income. increases because this is unexpected income to you. remains unchanged because it was counted when your parents earned it.
Answers (1)
Motorcycle Manufacturers, Inc., projected sales of 57,400 machines for the year. The estimated January 1 inventory is 6,890 units, and the desired December 31 inventory is 7,240 units. The budgeted production for the year is?
Answers (1)
ewok enterprises recently elected the fair value option to account for its investment in yoda inc. ewok purchased the shares for 21000 and the shares are currently trading for 190000 at year end.
Answers (1)
The General Fund of a city pays all utility bills received from private companies for services provided to city agencies. It then bills other funds for their shares of the bills. On May 10, the General Fund pays an electric bill for $230,000.
Answers (1)
On November 10 of the current year, Flores Mills sold carpet to a customer for $8,500 with credit terms 2/10, n/30. Flores uses the gross method of accounting for sales discounts.
Answers (1)