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lbvjy [14]
3 years ago
12

Your grandpa doesn't trust "young 'uns" so you are set to inherit a $1,000,000 trust fund on your 50th birthday. Your Grandpa al

so doesn't like banks so he has buried the cash somewhere on his 40-acre farm in a location that will be revealed to you by his lawyer since Grandpa will not be around when you turn 50. If you could possibly get your hands on it now (when you are 20), you could put it in a bank at 6% annual interest. If you were able to dig up the money now, how much would you have when you turn 50?
Business
1 answer:
miv72 [106K]3 years ago
3 0

Answer:

FV= $5,743,491.17

Explanation:

Giving the following information:

Present value (PV)= $1,000,000

Number of periods (n)= 30 years

Annual interest= 6% = 0.06

<u>To calculate the future value (FV), we need to use the following formula:</u>

FV= PV*(1+i)^n

FV= 1,000,000*(1.06^30)

FV= $5,743,491.17

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Peter, has discovered another wine, wine D. Wine drinkers are willing to pay 45 dollars to drink it right now. The amount that w
BabaBlast [244]

Answer:

e. 71 dollars

Explanation:

Peter was willing  to but the wine for $45

In a year, there is an increase of $15 = $45 + $15 = $60

The interest rate of 10% of $60 = $6

Total = $66 ~ $70

Therefore, the amount he is willing to pay for the win if he buys it as investment would be 71 dollars.

6 0
3 years ago
What is codetermination?
valina [46]

Answer:

The answer is b.The inclusion of a corporation's employees on its board

Explanation:

Co determination involves  employees being legally allocated control rights over corporate assets through seats on the supervisory board (the board of non executive directors). The supervisory board oversees the management board (board of executive directors)  approving or rejecting its decisions, and appointing its members and setting their salaries.

7 0
3 years ago
Anwar dresses for a cold fall day and steps outside to find it sunny and hot. he goes back inside to change out of his sweater a
____ [38]
The answer to this question is practical
Practical intelligence refers to people's capability in applying the knowledges that they have into real life situation.
In this particular case, Anwar already knew the effect of clothes depending on the weather, and he apply that knowledge in order to achieve a certain desired outcome
8 0
3 years ago
An asset has an average return of 10.94 percent and a standard deviation of 20.98 percent. What range of returns should you expe
valkas [14]

If the standard deviation is 20.98%. The range you should expect to see with a 95 percent probability is: -31.02 percent to +52.9 percent.

<h3>Expected range of return </h3>

Expected range of return = 10.94 percent ± 2(20.98 percent)

Expected range of return =[10.94 percent- 2(20.98 percent)]; [10.94 percent + 2(20.98 percent)]

Expected range of return =(10.94 percent- 41.96 percent); (10.94 percent + 41.96 percent

Expected range of return = -31.02 percent to +52.9 percent

Inconclusion the range of returns is: -31.02 percent to +52.9 percent.

Learn more about expected range of return here:brainly.com/question/25821437

8 0
2 years ago
Dane works as a sales representative for the Better Butter Company. He is about to meet with his manager to review his progress
Tamiku [17]

Answer:

The answer is: B) management by objectives (MBO)

Explanation:

Management by objectives (MBO) is a strategic management model developed by Peter Drucker. Drucker's main principle stated that MBO was: to determine joint objectives and to provide feedback on the results.

According to this model, when employees participate in setting goals and action plans they will feel encouraged to participate and commit to the organization's goals. By jointly (employees + management) setting challenging but attainable objectives, employees felt empowered and motivated to fulfill those goals.

7 0
3 years ago
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