Karen and mike currently insure their cars with separate companies, paying $700 and $900 a year. if they insured both cars with the same company, they would save 10 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 4 percent? use exhibit 1-b. (round time value factor to 3 decimal places and final answer to 2 decimal places.) future value $
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Karen and mike currently insure their cars with separate companies, paying $700 and $900 a year. if they insured both cars with the same ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Assume that the required reserve ratio for commercial banks is 25 percent. if the federal reserve banks buy $3 billion in government securities from commercial banks, we can say that, as a result of this transaction, the lending ability of the
Answers (1)
Antiques 'r' us is a mature manufacturing firm. the company just paid a dividend of $12.30, but management expects to reduce the payout by 5 percent per year, indefinitely.
Answers (1)
What does apartheid mean and what country in africa practiced it?
Answers (1)
A mortgage is a legal agreement between a borrower and a
Answers (1)
The ability of unions to achieve key goals in the future will depend on their ability to Multiple Choice A) reestablish their base of strength in the manufacturing sector.
Answers (2)
New Questions in Business
As a manager of a department store, you must deal with a variety of business transactions. Place the letter of each of the following transactions next to the effect it has on the accounting equation. a.
Answers (1)
A new opportunity arises for Quixote Metal Supply just before the holidays. A Request for Proposals (RFP) is distributed by the government seeking metal suppliers to fill a vacancy in the supply chain to build x-ray machines for airports across the
Answers (1)
A two-dimensional table of data sometimes is called a. question 22 options: a. relation. b. group. c. set. d. declaration.
Answers (1)
Real GDP per capita Multiple Choice 1. can grow either more slowly or more rapidly than real GDP. 2. cannot grow more slowly than real GDP. 3. cannot grow more rapidly than real GDP. 4. necessarily grows more rapidly than real GDP.
Answers (1)
Flex Co. just paid total dividends of $525,000 and reported additions to retained earnings of $1,575,000. The company has 495,000 shares of stock outstanding and a benchmark PE of 15.1 times. What stock price would you consider appropriate? a.$52.
Answers (1)