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
deff fn [24]
3 years ago
13

You are hurt in a car accident and your lawyer wins a $100,000 settlement to be distributed as follows: $20,000 immediate paymen

t $5,000 a year for ten years $30,000 after ten years. Of the lawyer's fee is $10,000, what is the value of this settlement if the interest rate is 6 percent
Business
1 answer:
Orlov [11]3 years ago
5 0

Answer:

The value of the settlement is $ 62,604.06  

Explanation:

The value of the settlement is the present values of all cash flows less lawyer's fees of $10000

In discounting the cash flows, I used the Present Value formula,which is:

PV=FV/(1+r)^n

FV =future value,amount receivable at each point time

r=rate of return=6%

n is the applicable number of years to each future value amount, for instance the $30000 last payment is receivable in the eleventh year,hence n is 11 years

The settlement value is the figure in the excel spreadsheet attached.

Download xlsx
You might be interested in
What is the best answer choice
Scrat [10]
The answer to that would be B.
3 0
3 years ago
Emma is planning how much she needs to make next week. She can only work 25 hours, and she needs to make a total
Mademuasel [1]

Answer:

$24.8 per hour.

Explanation:

Emma can only work for 25 hours in a week.

Total she needs to make =$620.

So, each hour she has to make sales worth =620/25 =$24.8

3 0
3 years ago
Read 2 more answers
Use the following information for Exercises 8-9 below. (Static)[The following information applies to the questions displayed bel
Ipatiy [6.2K]

Answer:

The requirements are missing, so I looked for similar questions. You should make any necessary adjusting entries on the accounting equation. Since there is not enough room here, I used an excel spreadsheet.

Download pdf
6 0
3 years ago
Attention is limited in several ways. sometimes we can complete competing tasks at the same time, but sometimes we cannot becaus
Butoxors [25]
<span>GDP = C + I + G + NX = $5.5 trillion + $1 trillion + $1.5 trillion + $.75 trillion - $1.25 trillion = $7.5 trillion</span>
4 0
4 years ago
Integrated marketing communications (IMC): Group of answer choices is typically overseen by a marketing communications director
makvit [3.9K]

Integrated marketing communications (IMC): "Refers to the coordination of all promotional activities to produce a unified, customer-focused promotional message."

<h3>What is Integrated marketing communications (IMC)?</h3>

IMC is described as "a planning process meant to ensure that all brand contacts for a product, service, or organisation received by a consumer or prospect are relevant to that person and consistent across time" by the American Marketing Association.

The importance of IMC are-

  • To effectively deliver a single message to both potential and current end users, integrated marketing communication helps integrate all key marketing components.
  • At a low cost, integrated marketing communication can significantly increase consumer brand recognition.
  • Any marketing initiative that employs many channels is considered integrated marketing. For instance, you might see a commercial for a popular new doughnut flavour, then drive by the donut store and see posters of the donut.

To know more about integrated marketing communications (IMC), here

brainly.com/question/20595921

#SPJ4

6 0
2 years ago
Other questions:
  • Did toilet paper cause a change in supply or quantity
    9·1 answer
  • Becky fenton has 65/130/75 automobile insurance coverage. if two other people are awarded $110,000 each for injuries in an auto
    7·1 answer
  • According to diffusion of innovation, in order for an innovation to ultimately be adopted it has to be
    12·1 answer
  • Now, suppose first main street bank loans out all of its new excess reserves to becky, who immediately uses the funds to write a
    8·1 answer
  • A customer has requested that Lewelling Corporation fill a special order for 2,600 units of product S47 for $31 a unit. While th
    5·1 answer
  • As a business owner you decide to hire a new employee named Maria. You decided to pay Maria $15.00 an hour for her work. At the
    13·1 answer
  • On Mr. Casper’s debate team at Thunderbird High School, 20% of the members are Sophomores, 35% are Juniors and 45% are Seniors.
    12·1 answer
  • 4. An investment offers $10,000 per year for 20 years. If an investor can earn 6 percent annually on other investments, what is
    8·1 answer
  • West Street Automotive is considering adding state safety inspections to its service offerings. The equipment necessary to perfo
    9·1 answer
  • Consider the one-factor APT. The standard deviation of returns on a well-diversified portfolio is 18%. The standard deviation on
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!