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
Levart [38]
4 years ago
13

Lucky lou has just won the lottery and will receive an annual payment of $100,000 every year for the next 20 years. if the annua

l interest rate is 8%, what is the present value of the winnings?
Business
1 answer:
olga nikolaevna [1]4 years ago
4 0
PV = A*[1-(1+r)^-n]/r

A = annual payment = $100,000
r = Interest rate = 8% = 0.08
n = Number of year = 20
PV = present value of the earnings

Therefore,
PV = 100,000*[1-(1+0.08)^-20]/0.08 = $981,814.74
You might be interested in
Conversations on twitter move fast and it's easy to miss the opportunity to engage with an important influencer or prospect. ___
Fiesta28 [93]
<span>Conversations on twitter move fast and it's easy to miss the opportunity to engage with an important influencer or prospect. Twitter lists are a great way to group together similar people and topics in twitter so you can focus on activity within a group without distractions.

Twitter lists is a list you can create on twitter to organize your topics. This helps speeds up the time and allows you to read/view the information that you want without the distractions of other information clogging your feed. People can communicate so fast past on twitter that it is often hard to keep up, so by doing this, it makes everything more streamline. </span>
7 0
3 years ago
Sment
nexus9112 [7]

Roads, schools, and

emergency services are funded by the government through the taxes.

Explanation:

Government collects taxes for the functioning of the government machineries. The reasons the taxes to be collected from the citizens of US are listed in the Article I, Section 8 of constitution of US. The three main types of taxation are as follows namely,

1. Progressive tax

2. Regressive tax

3. Proportional and flat tax.

Taxes are levied on the property, sales, income, dividends, imports, capital gains, payroll, gifts or estates. Eritrea and USA are the only countries that taxes non-residents on worldwide income as much as they tax the residents.

4 0
3 years ago
Renata's US-based lifestyle company decides to invest in a company based in France that specializes in health and wellness. This
Svetlanka [38]

People often make investments the health and wellness sector. This would be an example of foreign direct investment.

<h3>What is a foreign direct investment (FDI)?</h3>

This is known as a purchase of an interest that a firm is involved in. Here, the company by a company or an investor are found outside its borders.

The 3 types of FDI are;

  1. Horizontal FDI
  2. Vertical FDI
  3. Conglomerate FDI

It is simply a business decision to get or buy a good amount of stake in a foreign business as in the case with Reneta.

Learn more about foreign direct investment from

brainly.com/question/1125884

7 0
2 years ago
Automakers began rewarding dealers with financial incentives long before dealership customers started getting them, too. Recipie
frozen [14]

Answer:

Spiff

Explanation:

Spiff: It is an financial incentive paid by manufacturer or employer to the salesperson for directly selling it´s product., sometime it is paid on achieving sales target by salesperson. It encourage seller to make more sales. Spiff stand for Sales performance Incentive Fund and it is paid quicker than commission.

In the given case, Automaker is paying spiff to dealers to encourage sales of it´s own brand over a competitor's product sold at the same store.

8 0
3 years ago
Ship Co. produces storage crates that require 34.0 meters of material at $0.20 per meter and 0.30 direct labor hours at $19.00 p
Shtirlitz [24]

Answer:

Total standard cost = $103.7

Explanation:

<em>Standard cost is the sum of the standard material cost , standard labour cost and standard overhead</em>

Overhead  = OAR × direct labour hour

               = $16 × (0.30×$19.00)= 91.2

Standard cost = (34.0×$0.20) + (0.30×$19.00) +  91.2 = $103.7

Standard cost = $103.7

5 0
3 years ago
Other questions:
  • 1. Define stake holder<br>2. Explain internal and external stakeholder.​
    15·2 answers
  • State or federal codes that specifically apply to businesses are called: A. franchise law B. patent law C. business law D. tax l
    14·2 answers
  • What is not a reason to research and prepare some questions for the interviewer to answer?
    11·2 answers
  • Omega Corporation uses process costing to calculate the cost of manufacturing pool systems. Beginning work in process included 3
    12·1 answer
  • The original amount of money you deposit in a savings account is the _____.
    8·1 answer
  • Net income is $1,000,000 for the year, EBT is $2,500,000, retained earnings in January were $5,000,000, common stock dividends p
    5·1 answer
  • Suppose $20,000 of raw materials is withdrawn from the storeroom to be used In production. Of this amount $15,000 consists of di
    5·1 answer
  • Knowing what makes your product unique is part of which marketing function?
    9·1 answer
  • How do consumers benefit from accumulating airline miles?
    10·1 answer
  • For starbucks, __________ is the main advantage of entering new markets like japan and china via a joint venture.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!