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jarptica [38.1K]
3 years ago
11

In 1896, the first Green Jacket Golf Championship was held. The winner’s prize money was $160. In 2015, the winner’s check was $

1,610,000.
What was the annual percentage increase in the winner’s check over this period? Annual percentage %

If the winner’s prize increases at the same rate, what will it be in 2044?Prize money $
Business
1 answer:
Talja [164]3 years ago
3 0

Answer:

r = 0.080528395 = 8.05%

Winner's Prize at 2044:  $ 15,215,114.02

Explanation:

Principal \: (1+ r)^{time} = Amount

Principal 160

Amount 1,610,000

time: 2015 - 1896 = 119

160 \: (1+ r)^{119} = 1,610,000\\ r = \sqrt[119]{1,610,000 / 160} -1

r = 0.080528395

If the same rate for the winner's prize is being keep by 2044 the winner will get:

Principal \: (1+ r)^{time} = Amount

Principal 1,610,000.00

time 29.00 (2044 - 2015)

rate 0.08053

1610000 \: (1+ 0.0805283946683808)^{29} = Amount

Amount 15,215,114.02

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Flauer [41]

Answer:

Explanation:

This action is only permitted if the customer returns the signed margin agreement promptly. Since a margin agreement is an agreement between a brokerage and a client governing a margin account and allows the client to borrow from the brokerage in order to buy securities. Without agreeing to all the details in this contract the individual cannot trade on a margin account or borrow money.

3 0
3 years ago
the state transferred ownership of property to roger and pauline. which transfer document would the state agency use?
elena55 [62]

The state transferred ownership of property to Roger and Pauline, the transfer document that the state agency will use us a deed of assignment.

<h3>What is a deed of assignment?</h3>

It should be noted that the deed of assignment simply means an instrument that's used to illustrate that a transfer has taken place.

Any property transaction needs a deed of assignment because it serves as the primary record between the seller and the buyer proving that all negotiations, inquiries, and other required due diligence have been made, the purchase price has been paid, and all other prerequisites have been met.

In this case, the state transferred ownership of property to Roger and Pauline, the transfer document that the state agency will use us a deed of assignment.

Learn more about assignment on:

brainly.com/question/13858252

#SPJ1

7 0
2 years ago
A treaty that can be signed between two or more countries to lower tariffs and improve the import and export of goods is a free
klio [65]

When a treaty is signed between nations to lower tariffs and improve imports, this is a free trade agreement. This is <u>True</u>.

<h3>What is a free trade agreement?</h3><h3 />

Sometimes nations get together and discuss a treaty that will allow for trade to be easier between them.

To this end they will reduce tariffs, and other barriers to trade. This is to encourage free trade between the nations. This treaty is a free trade treaty.

Find out more on barriers to trade at brainly.com/question/1326741.

3 0
2 years ago
The manager for a growing firm is considering the launch of a new product. If the product goes directly to market, there is a 40
julia-pushkina [17]

Answer:

1. Calculate the NPV for each option available for the project. (Do not round intermediate calculations. Enter your answers in dollars, not millions of dollars, e.g. 1,234,567.)

  • go to market now = $744,000
  • focus group = $852,000
  • consulting firm = $916,000

2. Which action should the firm undertake?

  • A. Consulting firm

The NPV is higher than the rst of the options.

Explanation:

expected payoffs:

  • option 1 (go to market now) = (40% x $1.86 million) + 0 = $744,000
  • option 2 (focus group) = (55% x $1.86 million) + 0 = $1,023,000
  • option 3 (consulting firm) = (70% x $1.86 million) + 0 = $1,302,000

expected NPVs:

  • option 1 (go to market now) = $744,000
  • option 2 (focus group) = $1,023,000 - $171,000 = $852,000
  • option 3 (consulting firm) = $1,302,000 - $386,000 = $916,000

go to market now

5 0
3 years ago
Suppose a country has government expenditures of $3,500, taxes of $2,200, consumption of $9,000, exports of $2,500, imports of $
morpeh [17]

Answer:

$15,300

Explanation:

GDP = Consumption + Investment spending + Government Spending + Net Export

Net Export = export - import

=$9,000 + $3,000 + $3,500 + ($2500 - $2700) = $15,300

I hope my answer helps you

6 0
3 years ago
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