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Levart [38]
3 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]3 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
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2 years ago
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Answer:

The correct answer is B)$3600 U.

Explanation:

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Labor quantity variance is un-favorable. Which means more labor cost due to more labor hour comsumed.

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3 years ago
Which of the following factor is a cause for team failure?
Anastaziya [24]

Answer:

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6 0
2 years ago
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Questioñ 2 (1 point)
BlackZzzverrR [31]

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