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
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

You might be interested in
Eve and her three college friends enjoy perfumes. As a special gift to each of them last holiday season, she found a way to make
Ksivusya [100]

Answer:

B. when you successfully fill a market need, you can make money.

C. The Internet is a way to distribute just about anything.

5 0
3 years ago
Read 2 more answers
Cecil has a credit card that uses the adjusted balance method. For the first 10 days of one of his 30-day billing cycles, his ba
Stels [109]

Answer:

To calculate the amount of interest that Cecil was charged we can use the following formula:

interest charged = (APR / 365) x 30 days x adjusted balance

where:

Adjusted balance = previous balance – current payments  = $340 - $150 = $190

interest charged = (19% / 365) x 30 x $190 = $2.97

3 0
3 years ago
How does the business environment influence the process of Business enterprise in Nigeria. <br>​
ss7ja [257]

Answer:

Every Business is generally affected by the economic, social, legal, technological and political factors. ... Business environment includes those forces, factors and institutions that are beyond the control of individual business organisations and management but affect the business enterprise.

It was made known in this paper that Nigeria's business environment despite its prospect, is characterized by challenges of various kind, which range from lack of infrastructure such as poor electricity supply, poor road, network e.t.c., Insecurity, multiple tax system, inadequate financial service

5 0
3 years ago
Clomien Corporation, a law firm, needs frequent interpretation of its stored data for cross-references and formulation of decisi
natta225 [31]

Answer:

Business Intelligence systems

Explanation:

Based on the information provided it can be said that Clomien Corporation uses a Business Intelligence systems to help find relationship in its data. This is because these systems are specifically designed to create historical, current, and predictive scenarios in regards to the business operations by using the stored data that has been gathered.

7 0
4 years ago
Modern companies tend to deal with many different suppliers in order to avoid problems that can arise when one supplier is unabl
Romashka-Z-Leto [24]
The answer to the question is false.
6 0
3 years ago
Other questions:
  • Consumer surplus is A. the difference between the highest price a consumer is willing to pay and marginal benefit. B. the differ
    11·1 answer
  • A process that performs at a 6 sigma level: a. is considered statistically 'perfect' b. has 3.4 defects per million opportunitie
    9·1 answer
  • Using the information below for Singing Dolls, Inc., determine the total manufacturing costs incurred during the year: Work in P
    15·1 answer
  • The importance of knowing how to act or behave in a given situation is a very new concept. True or false
    15·1 answer
  • Wendy is calculating her tax deductions. She finds that she can deduct $5,522 from medical expenses, $7,240 from
    9·2 answers
  • George Heinrich uses 1,500 per year of a certain subassembly that has an annual holding cost of $45 per unit. Each order placed
    5·1 answer
  • Are policymakers susceptible to​ rent-seeking behavior? Explain. ​Rent-seeking behavior
    13·1 answer
  • Mrs Blake is paid a weekly wage of $248. During a certain week she worked 5 hours
    9·1 answer
  • Select the best answer for the question.
    5·1 answer
  • What is one counter-argument to the premise that the wealth gap is a serious problem which needs to be addressed? the lower clas
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!