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il63 [147K]
3 years ago
10

Suppose that you won a lawsuit and were awarded a series of payments of $10,000 a year for 10 years. Assuming an interest rate o

f 7%, how much would get in a lump-sum payment today?
Business
1 answer:
DochEvi [55]3 years ago
4 0
Okay. So it's $10,000 per year, which is $100,000 in 10 years. I'm not so sure how to solve it exactly, but I found a lump sum calculator online. I put the information on that and according to the calculator, today's payment in a lump sum would be $50,894.93. The future value is $100,000 with 10 periods (in this case, years) of the interest rate of 7% once per year. I think that the answer is $50,894.93.
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Jay's new loan to purchase a property includes the seller's existing mortgage. What type of loan is this
timurjin [86]

The type of loan that this is known to represent is what is referred to as the wraparound mortgage loan.

<h3>What is the wraparound mortgage loan?</h3>

This is the type of mortgage that has to do with the fact that the borrower is financing another loan when they have not been able to finance the original mortgage itself.

This type of loan is beneficial to a person given that they would be able to get a system of loan that may not have been possible before.

Hence we have to conclude that Jays financing a property when he has an existing mortgage is what is called the wraparound mortgage loan.

Read more on the wraparound mortgage loan here:

brainly.com/question/14454865

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8 0
2 years ago
Help me please.. there is no option on here for Human Resources principals, so I jus clicked business as the subject..
miskamm [114]
I think A, but I’m not sure.
5 0
3 years ago
Read 2 more answers
A company finds that there is a linear relationship between the amount of money that it spends on advertising and the number of
ser-zykov [4K]

Answer:

y = (x / 100) + 100

Explanation:

First, we need to know the amount of money that it spends on advertising for each extra unit sold. That would be equal to: 2,500 / 25 = 100

This value will be the divisor of the advertising expense (x) to obtain the variable factor of the number of units.

Since 100 units are already sold without investment, this value is taken as fixed and added.

And with the previous data, the formula remains:

y = (x / 100) + 100

4 0
3 years ago
KST Mart has large amounts of customer data. To understand customer purchase behavior, the company uses a process that automatic
Anton [14]

Answer:

B) data mining

Explanation:

Data Mining refers to the process of discovering patterns in large data sets using techniques like machine learning, statistics or database systems. The company uses this process to turn raw data into useful information for marketing , sales or cost management.

7 0
3 years ago
A segment of Mega Inc. manufactures and sells blankets. The various models of blankets are produced in a single factory using st
Anna007 [38]

Answer:

c.  profit center

Explanation:

Based on the information provided within the question it can be said that the segment is most probably accounted for as a profit center. This is a specialty department formed inside an organization that deals with generating revenues and profits or losses. These departments are completely monitored and controlled since they are the main driving force of the company brand.

4 0
3 years ago
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