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
Romashka-Z-Leto [24]
3 years ago
5

You just won the grand prize in a national writing contest! As your prize, you will receive $500 a month for 50 months. If you c

an earn 7 percent on your money, what is this prize worth to you today? A. $20,333.33 B. $21,629.93 C. $21,338.40 D. $18,411.06 E. $19,450.25
Business
1 answer:
nadya68 [22]3 years ago
5 0

Answer:

The correct answer is B.

Explanation:

Giving the following information:

Cash flow= $500

Number of months= 50

Monthly interest rate= 0.07/12= 0.00583

First, we need to calculate the future value using the following formula:

FV= {A*[(1+i)^n-1]}/i

A= cash flow

FV= {500*[(1.00583^50) - 1]} / 0.00583

FV= $28,928.06

Now, the present value:

PV= FV/(1+i)^n

PV= 28,928.06/(1.00583^50)

PV= $21,631.67

You might be interested in
Research reported in the harvard business review indicates that it is very difficult to build customer loyalty if a firm is sell
anygoal [31]
I believe this would be the expected product.
hope this helps!
8 0
3 years ago
Willow Corp. (a C corporation) reported taxable income before the net operating loss deduction (NOL) in the amount of $100,000 i
egoroff_w [7]

Willow Corp NOL carryover to 2021 (year 4) is $10,000

<h3>How to calculate Willow Corp NOL carryover to year 4</h3>

  • Year 3 income = $100,000

Carry forward losses:

  • Year 1 = $50,000
  • Year 2 = $40,000

Total carry forward losses = $50,000 + $40,000

= $90,000

Eligible carry forward loss = $100,000 × 80%

= $100,000 × 0.8

= $80,000

Willow Corp tax liability in year 3 = $100,000 - $80,000 × 21%

= $20,000 × 21%

= 20,000 × 0.21

= $4,200

Willow Corp NOL carryover to year 4 = Total carry forward losses - Eligible carry forward loss

= $90,000 - $80,000

= $10,000

Learn more about tax:

brainly.com/question/25504231

3 0
2 years ago
How is insurance a trade-off between risk and cost?
Solnce55 [7]

<u>Explanation:</u>

Risk is involved in all types of investment the higher risk yields higher returns while lower risk yields lower returns. The trade off which the investor faces in making investment decisions is the risk return trade off.

In insurance the cost of risk includes the expected losses which are uncertain.  The trade off which is provided by insurance can be direct and indirect losses, internal risk reduction and residual uncertainty.  Insurance reduces the expected losses and eliminate the risk of loss by providing cover the cost of which depends on the nature of the risk.

8 0
3 years ago
A tax:________.
topjm [15]

Answer:

B) raises the price buyers pay and lowers the price sellers receive.

Explanation:

A tax can be defined as the compulsory levy by the government on the income of an individual or company and the goods and services. It is used to generate income in a country in order to finance the expenditures of the government.

Types of tax

• Income Tax: This is the compulsory levy by the government on the income of an individual.

•Corporate Tax: This is the levy paid by corporate organzation on their Profits.

•Sales Tax: It is levied on goods and services. This type of tax increases the price of a product thereby making buyers to pay more. The sellers receives lower prices because they will deduct tax from what the sellers have paid and pay to the government.

•Property Tax: It is levied on the value of land or property.

•Tariff: Tax paid on imported goods. It is used to discourage importation. An increase in import tariff leads to an increase in price of the Commodity thereby leading to decrease in quantity purchased.

There are three basic tax laws

1) Progressive tax

2) Regressive tax

3) Proportional tax.

6 0
3 years ago
Read 2 more answers
The critical path on a project can change as the project progresses. select one:
Tema [17]

The answer is True.

In project management, critical path refers to a sequence of stages that would require the smallest amount of time possible to bring a project to completion.

Critical path can change during a project since there might be circumstances during it which would lead certain activities to be finished longer or faster. Critical path can be determined by a specialized algorithm technique.

5 0
3 years ago
Other questions:
  • Consider the following balance sheet for TD. Assets Liabilities Reserves 493 Deposits 2900 Loans 2407 4. Suppose that TD is a ty
    11·1 answer
  • A group of architects and engineers has been organized to plan the construction of a new bridge. the team members are getting to
    9·2 answers
  • On January 1st, Great Designs Company had a debit balance of $1,450 in the Office Supplies account. During the month, Great Desi
    13·1 answer
  • The incident commander or unified commander establishes incident objectives that include:
    13·1 answer
  • Florida law states that a vessel operator involved in an accident must report the accident if property damage exceeds what amoun
    9·1 answer
  • 4. Firm E must choose between two alternative transactions. Transaction 1 requires a cash outlay of $9,000; this expense would b
    6·1 answer
  • Which type of competitive strategy is characterized by convincing rivals not to enter a price war, protection from customer pres
    8·1 answer
  • What economic theory did Ronald Reagan base his policies upon after becoming President in 1980?
    12·1 answer
  • A manufacturer reports the following costs to produce 10,000 units in its first year of operations: Direct materials, $10 per un
    6·1 answer
  • Combination Fraction of Portfolio in Diversified Stocks Average Annual Return Standard Deviation of Portfolio Return (Risk)
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!