You just settled an insurance claim that calls for increasing payments over a 10-year period. The first payment will be paid one year from now in the amount of $5,000. The following payments will increase by 3.5 percent annually. What is the value of this settlement to you today if you can earn 6.5 percent on your investments?
a. $42,023.05.
b. $36,408.28.
c. $34,141.14.
d. $41,422.89.
e. $38,008.16.
f. $38,008.16.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “You just settled an insurance claim that calls for increasing payments over a 10-year period. The first payment will be paid one year from ...” 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
Which statement is true. In the aggregate sense: (A) Total spending will equal total income (B) Total spending + total income will equal the value of the output (C) Total spending will be larger than total income (D) Total income will be larger than
Answers (1)
Infrastructure is: question 13 options: not important in a market-based economy. a country's public capital. typically better when provided by private companies. unimportant for economic growth because the government provides it.
Answers (2)
Which will most benefit you financially? a. A savings account that compound interest daily b. A savings account that compound interest monthly c. A savings account that compound interest yearly d. A savings account that does not compound interest
Answers (1)
The Sarbanes-Oxley Act of 2002 (SOX) imposes stricter requirements over financial reporting and internal controls and stricter consequences for those who engage in financial statement misconduct and other white-collar crimes. True or False
Answers (1)
As part of the efforts to bring down the employee benefits cost to the company, GrindStop Corp. restricts the number of visits to the dentists covered in the dental plan to two per year.
Answers (1)
New Questions in Business
Why did they give nba youngboy 10 years?
Answers (2)
Entrepreneurs usually do NOT make good: A. general managers. B. marketing decisions. C. financial decisions. D. production schedules.
Answers (2)
Your employer contributes $60 a week to your retirement plan. assume you work for your employer for another 20 years and the applicable discount rate is 9 percent. given these assumptions, what is this employee benefit worth to you today?.
Answers (1)
Your business uses the allowance method to account for uncollectible receivables. At the beginning of the year, Allowance for uncollectible accounts had a credit balance of $ 1 comma 000.
Answers (1)
Suppose you have a choice of working full-time during the summer or attending summer school full-time. Summer tuition and books are $3,000. If you worked, you could make $5,000. Your rent is $1,000 for summer, regardless of your choice.
Answers (1)