1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Andrei [34K]
2 years ago
6

When Alfred Nobel​ died, he left the majority of his estate to fund five​ prizes, each to be awarded annually in perpetuity star

ting one year after he died​ (the sixth​ one, in​ economics, was added​ later). a. If he wanted the cash award of each of the five prizes to be ​$ and his estate could earn ​% per​ year, how much would he need to fund his​ prizes? b. If he wanted the value of each prize to grow by ​% per year​ (perhaps to keep up with​ inflation), how much would he need to​ leave? Assume that the first amount was still ​$. c. His heirs were surprised by his will and fought it. If they had been able to keep the amount of money you calculated in ​(b​), and had invested it at ​% per​ year, how much would they have in​ 2014, 118 years after his​ death?
Business
1 answer:
Vaselesa [24]2 years ago
8 0

Answer:

the numbers are missing, so I looked for similar questions:

When Alfred Nobel died, he left the majority of his estate to fund five prizes, each to be awarded annually in perpetuity starting one year after he died (the sixth one, in economics, was added later). a. If he wanted the cash award of each of the five prizes to be $33,000 and his estate could earn 7% per year, how much would he need to fund his prizes? b. If he wanted the value of each prize to grow by 6% per year (perhaps to keep up with inflation), how much would he need to leave? Assume that the first amount was still $33,000 c. His heirs were surprised by his will and fought it. If they had been able to keep the amount of money you calculated in (b), and had invested it at 7% per year, how much would they have in 2014, 118 years after his death?

a) total amount of prizes = $33,000 x 5 = $165,000

using the perpetuity formula, present value = annual payment / discount rate

money needed in trust fund = $165,000 / 0.07 = $2,357,142.86

b) we need to use the growing perpetuity formula:

money needed in trust fund = $165,000 / (0.07 - 0.06) = $165,000 / 0.01 = $16,500,000

c) future value = present value x (1 + r) = $16,500,000 x (1 + 7%)¹¹⁴ = $36,917.7 million

You might be interested in
There exists a(n)
FrozenT [24]

Answer:

Direct, upward sloping

Explanation:

Supply refers to the quantities of goods or services that firms are willing to sell to the markets are a specific price. As per the law of supply, an increase in prices leads to an increase in the quantity supplied. Therefore, the relationship between the price and quantity supplied is direct. Firms prefer to supply more products to the markets at higher prices because they will make more profits.

The supply curve is a graphical presentation of the relationship between price and quantity supplied.  The supply curve is upward sloping. It originates from the bottom left corner, showing how quantities vary along the curve at different prices. Quantity supplied increases as the price rise.

7 0
3 years ago
Which activity is a violation of intellectual property rights
Genrish500 [490]

Answer:

Violation of intellectual property rights is known as infringement. The most common infringements are appropriating someone else's property rights without authorization and using something else's property without paying for it.

For example a patent infringement happens when a company uses someone else's patent for producing their owns products or services, e.g. copy cell phone technologies.

Another common example is copyright infringement that happens when someone downloads a movie, song or software from the internet without paying a fee.

7 0
3 years ago
Charles Zimmerman owns an acre of swampy land just off the interstate. He would like to pave the surface and build a gas station
blagie [28]

B. legal and regulatory requirements

8 0
3 years ago
Tax a tax adjustment must be made in determining the cost of
RUDIKE [14]
This isn't even a question
4 0
3 years ago
Nathalie is willing to apply for a car loan. She is 18 years old, still lives at home with her parents and has a part-time job d
Eduardwww [97]

Answer:

Nathalie provides a cosigner on her loan

Explanation:

In the case when an inidvidual co-signs the loan so the individual is become obligated in a legal way to repay the full loan with respect to nathalie when she is not able to pay the amount. Also the loan officer would permitted in that case when the co-signer has the stable kind of job or the source of revenue.

So, nathalie not sign the car of the parent as the collateral as it required the parent consent

So the above should be the answer

8 0
2 years ago
Other questions:
  • A mobile device overheats for seemingly no reason. what is the most likely cause?
    12·1 answer
  • QUIZLET Francisco owns a beach house condo that he rents. The following information is available: Personal use days 10 days Used
    12·1 answer
  • How can competition in a scarce labor market affect wages?
    10·1 answer
  • An example of the application of the __________ is the executive who makes salary increase recommendations for key personnel by
    13·1 answer
  • Customers who face the same general needs of the marketplace but are likely to experience them months or years earlier than the
    15·1 answer
  • Jonas is a 60% owner of Ard, an S corporation. At the beginning of the year, his stock basis is zero. Jonas's basis in a $20,000
    14·1 answer
  • Sales and costs are projected to grow at 20% a year for at least the next 4 years. Both current assets and accounts payable are
    11·1 answer
  • thomas owes $438 on his credit card and was unable to pay more than the minimum payment of $20. unfortunately he mailed the paym
    13·1 answer
  • C Co. reported a retained earnings balance of $200,000 at December 31, 2020. In September 2021, C determined that insurance prem
    8·1 answer
  • A notary signing agent wants to stand out from other nsas by guaranteeing to borrowers and contracting companies that all of her
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!