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
dezoksy [38]
3 years ago
9

. Due to a car accident you receive a settlement from insurance of $50 a month for the next ten years. What is that worth to you

today, assuming a 3% inflation rate?
Business
1 answer:
pishuonlain [190]3 years ago
7 0

Answer:

Worth  of Insurance settlement $426.5

Explanation:

Present value of Insurance settlement = P [ ( 1 - ( 1+r )^-n ) / r ]

Present value of Insurance settlement = 50 [ ( 1 - ( 1 + 3% )^-10 ) / 3%]

Present value of Insurance settlement = 50 [ ( 1 - ( 1 + 0.03 )^-10 ) / 0.03]

Present value of Insurance settlement = 50 [ ( 1 - ( 1 .03 )^-10 ) / 0.03]

Present value of Insurance settlement = 50 [ ( 1 - ( 1 .03 )^-10 ) / 0.03]

Present value of Insurance settlement = 50 [ ( 1 - 0.7441 ) / 0.03]

Present value of Insurance settlement = 50 [ 0.2559 / 0.03]

Present value of Insurance settlement = 50 x 8.53

Present value of Insurance settlement = 426.5

You might be interested in
Craigburg has a working age population of 20 million. Of those, 11 million are employed and 1 million are unemployed. The unempl
Furkat [3]

Answer:

a) 5%; 55%

Explanation:

The unemployment rate is calculated by dividing the number of people unemployed by the number of people in the workforce:

1/20= 0,05*100= 5%

The participation rate is calculated by dividing the number of people employed by the number of people in the workforce:

11/20= 0,55*100= 55%

6 0
3 years ago
Elaborate on the meaning of contemporary socio-economic issues.​
saul85 [17]

Answer: See explanation

Explanation:

Contemporary Socio-economic issues are the challenges that are faced by the society. It should be noted that these problems and challenges have s negative impact on the economy and the society as a whole.

Some of the contemporary socio-economic issues that are faced by the society are poverty, corruption, illteracy, unemployment, etc.

These issues poses a challenge to the government and government seek ways to address them.

4 0
3 years ago
Congress is investigating U.S. involvement in the civil war in Argentina. They demand the President turns over to them informati
kow [346]

Answer:

Executive privilege.

Explanation:

If the Congress is investigating U.S. involvement in the civil war in Argentina and they demand the President turns over to them information given to him or her by the State Department and the CIA. The president refuses, asserting the right of executive privilege.

The executive privilege is the assertion of the right to withhold certain information from the court or congress by the president.

It basically, provides immunity for the president from matters relating to foreign affairs, the military and national security.

3 0
3 years ago
Read 2 more answers
What is the casting of ballots for candidates from different parties for different offices in the same election? ]?
Alex_Xolod [135]
They cast them to be a better country 
3 0
3 years ago
Read 2 more answers
"what word describes the phase of a business cycle that occurs after a trough and before a peak?"
murzikaleks [220]
The phase that comes after the trough and before the peak is called expansion
8 0
3 years ago
Read 2 more answers
Other questions:
  • Your project sponsor has asked you to explain the negative or threat risk response strategies and the opportunity or positive ri
    14·1 answer
  • Which of the following accurately describes a shortage?
    14·1 answer
  • A firm has a formal, written guide regarding its zero-tolerance attitude toward sexual harassment and the consequences of its vi
    12·1 answer
  • Vacation Vistas, Inc., agrees to sell certain acreage to Umiko, who intends to develop a destination resort. Vacation Vistas rep
    8·1 answer
  • Contribution Margin Variance, Contribution Margin Volume Variance, Market Share Variance, Market Size Variance Sulert, Inc., pro
    10·1 answer
  • On january 1, year 1, pearl corporation owned 90% of the outstanding stock of seso corporation. both companies were domestic cor
    12·1 answer
  • A formal document detailing the process to be followed when a firm recruits for an open position is a ________.a) recruiting gui
    15·1 answer
  • Milden Company is a merchandiser that plans to sell 27,000 units during the next quarter at a selling price of $53 per unit. The
    7·1 answer
  • The need to understand the different consumer tastes in segmented regional markets and respond to different national standards a
    5·1 answer
  • Individuals who score high in ____ tend to take their jobs seriously and act responsibly at work.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!