Author Question: You are going to pay 100 into an account at the beginning of each of the next 40 years. At the ... (Read 57 times)

BrownTown3

  • Hero Member
  • *****
  • Posts: 564
You are going to pay 100 into an account at the beginning of each of the next 40 years. At the
  beginning of the 41st year you buy a 30 year annuity whose first payment comes at the end of the
  41st year (the accounts earn 12).
 
  How much will you receive at the end of the 41st year (i.e., the
  first annuity payment). Round to nearest 100.
  A) 10,700 B) 11,400 C) 7,800 D) 93,000

Question 2

Which is NOT a characteristic of a limited liability partnership?
 
  A) One or more of the partners must be a general partner to whom the privilege of limited liability does not apply.
  B) Prohibits the limited partners from participating in the management of the partnership.
  C) Partners pay taxes on dividends distributed.
  D) One or more partners have limited liability.



AmberC1996

  • Sr. Member
  • ****
  • Posts: 317
Answer to Question 1

A

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

For a complete list of videos, visit our video library