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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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What happens to the equilibrium price when supply goes down? A. The price goes up. B. The price goes down. C. The price stays th
Nady [450]
When supply goes down, the equilibrium price goes up. This is because if there is a smaller supply the good becomes more valuable to people who want the good.
4 0
3 years ago
As a new leader you have decided to apply the path-goal theory in managing your staff. one of the two important personal charact
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6 0
1 year ago
The Allowance for Bad Debts account has a debit balance of $ 9 comma 000$9,000 before the adjusting entry for bad debts expense.
Yakvenalex [24]

Answer:

the amount of the adjustment in the Allowance for

Bad Debts​ account  $3.000

Explanation:

Initial Balance  

Allowance for Uncollectible Accounts  $ 9.000

END Balance  

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The adjustment entry in the accountig will be

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3 0
3 years ago
What is is the most important factor in what a nation produces and trades
Serga [27]
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5 0
3 years ago
Employees in the defense industry have greater job security and higher pay when the country is engaged in major military conflic
kiruha [24]

Answer: C the fallacy of composition.

Explanation:

The Fallacy of Composition is meant to explain the false logic that people apply when they believe that because something is true of a subsection of something, then that thing must be true for the whole thing.

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In this scenario, the logic is that it is good to be involved in military conflict because it favors the nation if it favors a subset (employees in defense) which is flawed because other industries might suffer. This however, represents the fallacy of composition.

7 0
3 years ago
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