Ordinary annuity for a comparable rate of return

Assignment Help Business Management
Reference no: EM131348078

Hank made payments of $193 per month at the end of each month for 30 years to purchase a piece of property. He promptly sold it for $189,481.

What annual interest rate would he need to earn on an ordinary annuity for a comparable rate of return?

Reference no: EM131348078

Questions Cloud

Adequate and affordable housing : The government wants to introduce programs to make sure that citizens can afford adequate and affordable housing. It is considering a report that proposes four ways of pursuing that goal:
What was the holding of the court : What do you think are the most important limitations that the Constitution places oncriminal law? Why - Are there any aspects of criminal law that you feel need more restriction? Why or why not?
What is maximum initial cost company would be willing pay : Scanlin, Inc., is considering a project that will result in initial aftertax cash savings of $1.83 million at the end of the first year, and these savings will grow at a rate of 2 percent per year indefinitely. The firm has a target debt−equity ratio..
What do we mean by deep versus shallow traps : What do we mean by "deep" versus "shallow" traps? Which are more harmful for semiconductor devices and why? What is an example of a deep trap in Si?
Ordinary annuity for a comparable rate of return : Hank made payments of $193 per month at the end of each month for 30 years to purchase a piece of property. He promptly sold it for $189,481. What annual interest rate would he need to earn on an ordinary annuity for a comparable rate of return?
Effective at raising tax revenues : 1.  Explain why excise taxes are more effective at raising tax revenues when applied to products with price inelastic demand versus ones with price elastic demand. Under what conditions would it be possible for tax revenues to decline with higher ..
What is bank cost of preferred stock : Holdup Bank has an issue of preferred stock with a $5.65 stated dividend that just sold for $93 per share. What is the bank’s cost of preferred stock? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places..
Determine reversed stirling asc coefficient of performance : A reversed Stirling cryogenic refrigerator is used to produce a temperature of -200.°C in an environment at 20.0°C. Determine the reversed Stirling ASC coefficient of performance of this unit.
Discuss the advantages of distributed systems in a business : Compare and contrast the meaning of enterprise architecture versus distributed system. Discuss the advantages and disadvantages of distributed systems in a business environment.

Reviews

Write a Review

 

Business Management Questions & Answers

  Merit-based compensation system

- What is "360-degree feedback"? What advantages might it have over more traditional performance appraisal systems that use only downward feedback? What are some of the problems that could occur in using a 360-degree feedback system? - What is the..

  Describe the ethical model being used by the company

Describe ethical model being used by company. Present your overall opinion of organization's corporate strategy approach. Is strategy execution effort delivering the expected results? Explain and illustrate your conclusions.

  Define necessary organizational privacy and security

Define necessary organizational privacy and security requirements, policies and procedures and understand how to assess and mitigate the risks.

  The scientist-practitioner model related to i-o

the scientist-practitioner model related to i-o psychologyif a development executive is employed at a large

  The uniform and linen leasing company uampl expansion has

the uniform and linen leasing company uampl expansion has impacted all of its operations including areas of employees

  Annual dividend to grow at a constant

1. James Loose, Incorporations common stock paid a Rs.12 annual dividend per share and had a closing price of Rs.125. Let's suppose that the market expects this company's annual dividend to grow at a constant 8 percent rate forever.

  Titration of a 11.0 ml solution of koh requires 11.0 ml

Titration of a 11.0 mL solution of KOH requires 11.0 mL of 0.0270M H2SO4 solution. What is the molarity of the KOH solution?

  Analyzing the current situation

After analyzing the current situation, the consultant proposes to hire a second cashier at a rate of 9$ an hour to serve the same line that the first cashier service.  What is the probability of finding both cashiers busy?

  Identify the stakeholders who are relevant to your situation

Identify the stakeholders who are relevant to your current situation or challenge/opportunity. Define/revise questions to adjust to the specific context. Schedule appointments.

  Addresses creating a vision with employee involvementone

addresses creating a vision with employee involvement.one function of a leader is to provide the vision for the

  How has the event affected the ethical culture here in us

How has this event affected the ethical culture here in the United States? What other effect has it had on society as a whole? What other lessons might we learn from this event in the future?

  Explaining leader-s essential competencies

Considering a leader's essential competencies, describe which area you believe is the most critical to organizational effectiveness and future success?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd