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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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50 PTS!!!!!!!!!!!!
ioda
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Hope this helps.</span>
6 0
3 years ago
Read 2 more answers
When designing a management support system, using a(n) ____ can help reduce frustration.
DiKsa [7]

When designing a management support system, using (n) Progress bars acan help reduce frustration.

A progress bar is a graphical control used to show the progress of advanced computer operations, such as: B. Download, file transfer, or install for visualization. Graphs may be accompanied by text representing progress in percentage format.

A progress bar is used to indicate the progress of a task. For example, when uploading or downloading something from the internet, it's a good idea to show the download/upload progress to the user. Android has a class called ProgressDialog that can be used to create a progress bar.

Learn more about progress bar here: brainly.com/question/13425287

#SPJ4

7 0
1 year ago
On December 31, 2020, Cullumber Co. performed environmental consulting services for Hayduke Co. Hayduke was short of cash, and C
Oksi-84 [34.3K]

Answer

The answer and procedures of the exercise are attached in a microsoft excel document.  

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.  

Download xlsx
6 0
3 years ago
7. The management accountant for Giada's Book Store has prepared the following income statement for the most current year: Cookb
vekshin1

Answer:

The correct answer is B.

Explanation:

Giving the following information:

Travel Book

Sales= $164,000

Cost of goods sold= (67,000)

Contribution margin= 97,000

Order and delivery processing (25,000)

Net income= 72,000

Rent and allocated corporate costs remain constant in both decisions (drop or not). Therefore, they are irrelevant.

<u>Now, if the travel book product line was discontinued, the company's net income would have decreased by $72,000</u>

8 0
3 years ago
Simon, a trainer, meets with his team to discuss the possibility of senior engineers training the new engineers. He also meets w
snow_tiger [21]

Answer and Explanation: Under the given case or scenario, we can state that Simon is at the step of gathering the facts, information and data and therefore organizing these facts.  Here, in this case it is provided that Simon is a trainer that on meeting with his team wishes to discuss the fact that there is a need of senior engineers training the new engineers.

5 0
3 years ago
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