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mr Goodwill [35]
3 years ago
15

You have just won ​$20,000 in the state​ lottery, which promises to pay you ​$1,000​ (tax free) every year for the next twenty y

ears. the interest rate is​ 5%. in​ reality, you receive the first payment of ​$1,000​ today, which is worth ​$
Business
1 answer:
Marta_Voda [28]3 years ago
7 0
The current value of the payment which is $1000 will be:
A=P(1+r/100)^-n
P=1000
r=5 %
n=1
A=1000(1+5/100)^-1
A=1000/1.05
A=$952.38
The first payments of $1000 is worth $952.38 today. The value of the second $1000 is worth:
A=1000(1+0.05)^-2=907.02 
today

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Answer:

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ne of the most important financial management activities that a firm undertakes is its evaluation and allocation of investment f
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a.  Zero

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How would you reconcile for a bank service fee listed on the statement?
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To reconcile for a bank service fee listed on the bank statement, <u>C. enter it</u> into your external register in the same manner as a withdrawal.

<h3>What are bank service fees?</h3>

Bank service fees are charges imposed by financial institutions on their personal and business customers for account set-up, maintenance, and minor transactional services.

During bank reconciliation, the correct procedure is to record this transaction in the books as a reduction of the bank balance.

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Learn more about bank service charges at brainly.com/question/26494219

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