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Andrei [34K]
3 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]3 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

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In 1970 Professor Fellswoop earned $12,000; in 1980 he earned $24,000; and in 1990 he earned $36,000. If the CPI was 40 in 1970,
Arte-miy333 [17]

Answer:

In 1980

Explanation:

Year        Salary        Percentage Salary Increase        CPI Increase

1970       $12,000     -                                                      -

1980       $24,000    100                                                 50

1990       $36,000    50                                                   83.3

As can be seen in the table, the Professor's salary increase from 1970 to 1980 was twice as much as the CPI increase during the same period.

On the contrary, his salary increase from 1980 to 1990 was significantly less than the CPI increase during the same period.

Therefore, the professor's salary was highest in 1980.

4 0
3 years ago
A monopolistic firm has a sales schedule such that it can sell 10 prefabricated garages per week at $10,000 each, but if it rest
Wewaii [24]

Answer:

option (D) $1,000

Explanation:

Data provided in the question:

Sales when 10 prefabricated garages per week are sold = $10,000 each

Sales when 9 prefabricated garages per week are sold = $11,000 each

Now,

Marginal revenue is given as Change in revenue with 1 unit change in production

Thus,

Marginal revenue = ( $10,000 × 10 ) - ( $11,000 × 9 )

= $100,000 - $99,000

= $1,000

Hence,

The answer is option (D) $1,000

7 0
3 years ago
Alice's pasta kitchen makes quality pasta and sells its products to customers in other countries. this is an example of ___
ololo11 [35]
<span>Exporting. Exporting means sending goods or services produced in one country to another country. This is usually carried out with the intention of boosting revenue. Alice, in this instance, is referred to as an exporter; Exporting has a direct influence on a country's economy including but not limited to improving untapped markets, lower unit cost, minimising the effects of seasonal fluctuations in sales and many more.</span>
8 0
3 years ago
Santorino Company produces two models of a component, Model K-3 and Model P-4. The unit contribution margin for Model K-3 is $6;
Lynna [10]

Answer:

a. 50%

Explanation:

Model P-4 requires 30 minutes of machine time.

A machine hour consists of 60 minutes

Calculating the machine time of Model P-4 in terms of percent of machine hour:

= (Model P-4 Machine time/Machine Hour)*100

= (30/60)*100

= 0.5 * 100

=50%

So, the percent of Model P-4 machine time in terms of a machine hour is 50%.

6 0
3 years ago
1. led a tax rebellion Columbus 2. commander in chief in Revolution Andrew Jackson 3. financial plan established United States e
gogolik [260]

Answer:

The correct answer are:

1. Daniel Shays; 2. George Washington; 3. Alexander Hamilton; 4. Thomas Jefferson; 5. Columbus; 6. Francis Scott Key; 7. Andrew Jackson; 8. Lewis and Clark.

Explanation:

The American Revolution shook the entire world. The thirteen British colonies that would become the United States of America, fought and won the battle against the most powerful imperial power on the planet. In the years that followed the American victory over the British, the hopes of the masses were betrayed. Consequently, there were many popular movements and uprisings. But none had such a great impact on the psychology of the ruling class and the future structure of the US government as the Shays Rebellion of 1786-87, which some have called "The Final Battle of the American Revolution."

Considered the "Father of the Fatherland," George Washington was a celebrated general, farmer, entrepreneur and the first president of the United States.

Alexander Hamilton was an American politician. He was a young lawyer from New York when the War of Independence broke out in the thirteen British colonies of North America (1775-83). In 1777 he became secretary of George Washington, commander in chief of the insurgent army.

8 0
3 years ago
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