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postnew [5]
4 years ago
14

Marshall has received an inheritance and wants to invest a sum of money today that will yield $5,400 at the end of each of the n

ext 10 years. Assuming he can earn an interest rate of 5% compounded annually, how much of his inheritance must he invest today
Business
1 answer:
BigorU [14]4 years ago
3 0

Answer:

$3,315.13

Explanation:

To determine the amount of inheritance Marshall should invest today, we have to calculate the present value of $5,400.

PV = FV (1 + r)^-n

FV = Future value = $5,400

P = Present value

R = interest rate 5%

N = number of years 10

$5400(1.05^-10) = $3,315.13

I hope my answer helps you

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An effective team would never have ______. a. multiple long term goals b. a series of coordinated deadlines c. unclear definitio
Effectus [21]

An effective team would never have Unclear definitions of goals.

Option C is correct answer.

Unclear definitions of goals :

Unclear goals are part of the communication problem that continues to plague many workplaces, and were also cited as the number one cause of stress for tech workers in an earlier Comparably study. Employees who don't know what's expected of them can't perform their best work.

What happens when goals are unclear?

A lack of direction and unclear goals are among the largest reasons why projects fail. While it may be impossible to predict every outcome, taking time early on to define and communicate objectives and goals can radically increase the chance your team successfully completes a project.

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4 0
2 years ago
Celebrities and famous individuals often make __________, or positive statements, about a product based on their personal experi
Alenkasestr [34]

Answer:

It might be endorsement.  

Explanation:<u><em>To think about:</em></u> What must a celebrity endorsement always reflect? Honest opinion of the endorser. According to the Federal Trade Commission (FTC), endorsements must always reflect the honest opinions, findings, beliefs, or experience of the endorser. ... Endorsements are a form of advertising.

8 0
3 years ago
Mention and explain documents for buying and selling​
Jlenok [28]

Answer:

Inquiry Letter

Sometimes a business can send this to a supplier to find out if they have a certain good in stock.

Purchase Requisition

This is a document used by a department in a company to request that those in charge of procurement acquire some goods for them.

Quotation

This is a document sent by a supplier to the prospective buyer informing them of the goods they have and their selling price.

Purchase Order

This is the document that shows a formal request for goods from a supplier.

Delivery Note

This is used to confirm that the buyer has received the goods they ordered. The buyer will typically sign this document to confirm receipt.

Invoice

A supplier prepares and sends this to the buyer to show them the goods they ordered and the prices so that the buyer knows how much they owe.

4 0
3 years ago
You put half of your money in a stock portfolio that has an expected return of 14% and a standard deviation of 24%. you put the
irinina [24]
I got u need help or nah
7 0
3 years ago
The balance sheet of Subsidiary shows assets of $86,400 and liabilities of $15,000. The fair value of the assets is $90,000 and
Andrews [41]

Answer:

b. $20,000

Explanation:

Goodwill = Investment in Subsidiary - (Asset With book value - Liability with book value) - (Fair value of Asset - Book value of Asset)

Goodwill = $95,000 - ($86,400 - $15,000) - ($90,000 - $86,400)

Goodwill = $95,000 - $71,400 - $3,600

Goodwill = $20,000

So, parent should record goodwill on this purchase of $20,000

8 0
3 years ago
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