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
statuscvo [17]
4 years ago
9

Suppose a state lottery prize of $8 million is to be paid in 5 payments of $1,600,000 each at the end of each of the next 5 year

s. If money is worth 12%, compounded annually, what is the present value of the prize? (Round your answer to the nearest cent.)
Business
1 answer:
slavikrds [6]4 years ago
7 0

Answer:

The answer is $5767641.92

Explanation:

PV of an Annuity = C x [ (1 – (1+i)-n) / i ]

PV of an Annuity = $1,600,000  x [ (1 – (1+0.12)-5) /0.12 ] = $5767641.92

The present value of the prize is $5767641.92

You might be interested in
Henry conducted a survey on an ad done by his company. In the survey, he asked people to evaluate the ad and state whether they
defon

Answer:

C. rating scale test.

Explanation:

In a rating scale test, respondents are asked by researchers to rate either their products, services, or work on a scale, say one to ten. This type of test is used by researchers when they want respondents to place value on the features,products,service as contained in the questionnaire.

This type of test is also used to assess performance of employees, products,services etc inorder to achieve a particular goal.

Rating scale is also used to get more information about comparisons between two values hence an important survey method.

3 0
3 years ago
U GET 25 points r more and brainlest
vazorg [7]

HELP ME!!! my family is driving me insane

4 0
3 years ago
Hertz Car Rental has a customer loyalty program called Gold Plus Rewards that rewards members with one point per dollar spent on
Lerok [7]

Answer:

Relationship

Explanation:

Relationship marketing refers to the marketing in which the company could maintain the loyalty with the customer and predict that the long term relationship could be maintained.

It could be in terms of price, discounts, redeem points, quality, services, after-sales services, etc

Since in the question it is mentioned that the 500 points could be earned so this represents a relationship marketing

7 0
3 years ago
A market structure with a large number of sellers who make differentiated products is called _____.
Lubov Fominskaja [6]
The correct answer for the question that is being presented above is this one: "Monopolistic competition." A market structure with a large number of sellers who make differentiated products is called monopolistic competition. Monopolistic Competition refers to a type of imperfect competition<span> such that many producers sell products that are differentiated from one another.</span>

4 0
3 years ago
According to an SEC investigation, Computer Associates, one of the world's largest software companies, backdated contracts to bo
professor190 [17]

The statement, "According to an SEC investigation, Computer Associates, one of the world's largest software companies, backdated contracts to boost the company's reported revenues. This is not prescribed as an ethical business practice." is True .

Option a

<u> Explanation: </u>

To thrive in the competitive world of business one has to have ethics in doing business.  By doing ethical practices in the business it will boost the image of the company before the customer and it will be helpful for them to compete in the market.

From the above statement even though it is the world's largest software company it has backdated the projects contracts period to show better performance in the revenues.

Even though the project are genuine but the moral responsibility in reporting revenues  to the investors take taken a dent by doing an unethical thing.

6 0
3 years ago
Other questions:
  • The self-acceptance that the client gains through the worker’s reflective listening can be a catalyst for: a. Being corrected by
    9·1 answer
  • Politics, law, culture, and economy are all examples of ________ factors that can affect the ways in which companies produce and
    12·1 answer
  • Renata has a home loan for $150,000 at 7.5% interest for 30 years and her payment is $987.00 per month (including principal and
    6·1 answer
  • 34. Which of the following statements is correct? a. If oligopolists successfully collude, then their combined output will be eq
    6·1 answer
  • At the PR firm where Gerald works, everyone considers him to be very good with his work and depends heavily on his knowledge to
    11·2 answers
  • Dina loves to splurge on clothes. However, when she was shopping the other day, she bought much less than what she usually does
    10·1 answer
  • Assume that you are a retail customer. Use the information below to answer the following question. Bid Ask Borrowing Lending S0(
    13·1 answer
  • The name of the Nobel prize-winning economist who argued against the Tragedy of the Commons thesis is ________.There is a short
    10·1 answer
  • If the $10.61 cost in 1972 is equal to $68.69 in 2013, then what rate of inflation, i%=?, was used to determine the 2013 costs?
    11·1 answer
  • Colleen Matthews had just turned 22 when her hard work finally started to pay off. Six months earlier Colleen graduated from a s
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!