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dezoksy [38]
2 years ago
15

You are the beneficiary of a life insurance policy. The insurance company informs you that you have two options for receiving th

e insurance proceeds. You can receive a lump sum of $200,000 today or receive payments of $1,400 a month for 20 years. You can earn 6 percent on your money. Which option should you take and why?
A. You should accept the payments because they are worth $209,414 to you today.
B. You should accept the payments because they are worth $247,800 to you today.
C. You should accept the payments because they are worth $336,000 to you today.
D. You should accept the $200,000 because the payments are only worth $189,311 to you today.
E. You should accept the $200,000 because the payments are only worth $195,413 to you today.
Business
1 answer:
lara [203]2 years ago
7 0

Answer:

E. You should accept the $200,000 because the payments are only worth $195,413 to you today

Explanation:

We solve for the presnet value of an annuity of 20 year of $1400 at 0.5% discount rate

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C 1,400.00

time 240 (20 years x 12 month per year)

rate 0.005 (6% / 12 monhts = 0.5% = 0.5/100 = 0.005)

1400 \times \frac{1-(1+0.005)^{-240} }{0.005} = PV\\

PV $195,413.0804

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All of the following statements about the economic philosophy in Texas are true EXCEPT
ZanzabumX [31]

Answer:

The answer is: B) The median wage in Texas is much higher than the national average. THIS STATEMENT IS FALSE.

Explanation:

If you take the facts from the Census ACS 1 year survey, the median household income in Texas is $59,206 (2017 data) and a median hourly wage of $17,06 (2016 data from the Bureau of Labor Statistics).

If you compare those numbers with the national average, the US median household income is $60,336 (the national average is $1,130 higher than the Texas median household income). Historically the Texas median household income has been lower than the national average.

If we consider the median hourly wage in Texas of $17,06 (2016 data) and we compare to the national hourly wage of $17,81 (2016 data from the Bureau of Labor Statistics) we can clearly see it´s also lower. The top ten states with the highest median hourly wage are: Alaska, Massachusetts, Connecticut, Washington, Maryland, New York, New Jersey, California, Minnesota, Hawaii, with hourly wages ranging from $22.68 to $19.24

7 0
2 years ago
Explain a situation where user would transpose data on a spreadsheet in Microsoft Excel. Give at least one example to illustrate
GuDViN [60]

Answer:

You can do this by copying, pasting, and using the Transpose option. But doing that creates duplicated data. If you don't want that, you can type a formula instead using the TRANSPOSE function. For example, in the following picture the formula =TRANSPOSE(A1:B4) takes the cells A1 through B4 and arranges them horizontally.

Step 1: Select blank cells

First select some blank cells. But make sure to select the same number of cells as the original set of cells, but in the other direction. For example, there are 8 cells here that are arranged vertically:

Cells in A1:B4

So, we need to select eight horizontal cells, like this:

Cells A6:D7 selected

This is where the new, transposed cells will end up.

Step 2: Type =TRANSPOSE(

With those blank cells still selected, type: =TRANSPOSE(

Excel will look similar to this:

=TRANSPOSE(

Notice that the eight cells are still selected even though we have started typing a formula.

Step 3: Type the range of the original cells.

Now type the range of the cells you want to transpose. In this example, we want to transpose cells from A1 to B4. So the formula for this example would be: =TRANSPOSE(A1:B4) -- but don't press ENTER yet! Just stop typing, and go to the next step.

Excel will look similar to this:

=TRANSPOSE(A1:B4)

Step 4: Finally, press CTRL+SHIFT+ENTER

Now press CTRL+SHIFT+ENTER. Why? Because the TRANSPOSE function is only used in array formulas, and that's how you finish an array formula. An array formula, in short, is a formula that gets applied to more than one cell. Because you selected more than one cell in step 1 (you did, didn't you?), the formula will get applied to more than one cell. Here's the result after pressing CTRL+SHIFT+ENTER:

6 0
2 years ago
Please help
Umnica [9.8K]

You are responsible for implementing activities for a group of six foreign students and eight American students who are they

7 0
3 years ago
The 2012 financial statements of Marker Co. contain the following selected data (in millions).
Anna11 [10]

Answer:

a.67.9%.

Explanation:

Debt to Total Assets Ratio = Total Liabilities / Total Assets x 100

<em>Total Liabilities = $95,000,000 </em>

<em>Total Assets = $140,000,000 </em>

Debt to Total Assets Ratio = $95,000,000 / $140,000,000 x 100

Debt to Total Assets Ratio = 0.679 x 100

or

Debt to Total Assets Ratio = 67.9%

Hence, The Assets of Marker Co. are 67.9% funded by creditors.

5 0
3 years ago
Where did the indestrial revolution starts and why did it beinging there​
Marat540 [252]

Answer:

it began in 1760. it started there because of the new inventions that were made like the cotton gin, electricity and other inventions. More and more countries got access to these inventions and they became more and more industrialized and urban.

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2 years ago
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