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
Licemer1 [7]
2 years ago
14

Luis is going to receive $20,000 six years from now. Soo Lee is going to receive $20,000 nine years from now. Which one of the f

ollowing statements is correct if both Luis and Soo Lee apply a 7 percent discount rate to these amounts?
A. The present values of Luis and Soo Lee's money are equal.
B. In future dollars, Soo Lee's money is worth more than Luis's money.
C. In today's dollars, Luis's money is worth more than Soo Lee's.
D. Twenty years from now, the value of Luis's money will be equal to the value of Soo Lee's money.
E. Soo Lee's money is worth more than Luis's money given the 7 percent discount rate.
Business
1 answer:
irakobra [83]2 years ago
5 0

Answer:

The answer is C. In today's dollars, Luis's money is worth more than Soo Lee's.

Explanation:

Present value for Luis= C(1+i)^-n= 20000(1.07)^-6 = $13326.84

Present value for Soo Lee = C(1+i)^-n= 20000(1.07)^-9= $10878.67

Present value for Luis is greater than that of Soo Lee.

You might be interested in
2 economy questions ..
kenny6666 [7]
To protect consumers from potentially dangerous manufactured goods, the us government is most likely to use : Regulation
For example, the Government will put safety regulations to ensure that all the goods are fulfilling the standard

hope this helps
3 0
3 years ago
Scenario 13-20 suppose that a given firm experiences decreasing marginal product of labor with the addition of each worker regar
Viktor [21]

Answer:

U-shaped

Explanation:

Since the marginal product of labor is decreasing, the average variable costs and marginal costs will be increasing at all points, but the average fixed costs will be decreasing. That is why the average total costs (which includes both variable and fixed costs per unit) will be U-shaped since they will fall at the beginning when the decrease in marginal product of labor is small, bu then will increase as the marginal product of labor falls even more.

7 0
3 years ago
Beswick company your team is allocated a project involving a major client, the beswick company. although the organization has ma
lianna [129]

Answer: A. low degree of substitutability.

Explanation:

Substitutability refers to the availability of alternative options to the variable in question. If something is said to be highly substitutable or to have a high degree of substitutability, then that means that it is easily replaceable because it has alternatives. The reverse holds true.

Therefore, Jamie can be said to have a low degree of substitutability because the client wants to deal with only him and if he is removed or unavailable, the company would not be able to deal with the client.

6 0
3 years ago
(1) By early 2008 the U.S. economy was in a significant downturn. The unemployment rate began to
alexandr1967 [171]

Answer:

The economic principle governing the congressional package is known as economic stimuli.

Explanation:

The phenomenon of Economic stimuli is described as a change in economic or fiscal policy to enable economic growth in an economic slump. Some of the other activities may include dropping interest rate or quantitative easing.

7 0
3 years ago
What level of education may be required for a career as a help desk associate?
hichkok12 [17]

<u>Answer:</u>

<em>A. Associate's degree program </em>

<em></em>

<u>Explanation:</u>

An associate degree is the main level of post-optional instruction that secondary school graduates can seek after at non-professional organizations of higher learning. Ordinary partner projects take two years to finish; therefore, adaptable online plans can be intended to assist you with graduating in as meager as the year and a half.

Since an associate degree educational program is regularly taken from and worked around few general training prerequisites expected to procure program of 4 years education, a partner degree may assist you with getting ready to finish a future four-year college education program.

3 0
2 years ago
Other questions:
  • Macy is a very creative person. Often, when trying to generate a novel or useful idea, she spends several days "mulling over" th
    15·1 answer
  • The classical dichotomy refers to the separation of
    5·1 answer
  • If Acme Corporation's current share price is $40 and it has issued 1 million shares of stock, then its market cap is
    7·1 answer
  • When a process is in control, it results in there being, on average, 16 defects per unit of output. c-chart limits of 4 and 28 w
    8·1 answer
  • I need help with a class on e2020 the class is College and Career readiness need help fast ​
    5·1 answer
  • During its first year of operations, the McCormick Company incurred the following manufacturing costs: Direct materials, $6 per
    14·1 answer
  • JeMarcus is going to sell sporting apparel, which he has already purchased from manufacturers, and has signed a deal agreeing to
    9·1 answer
  • Ursa Major Solar uses Opportunity to track sales of solar energy products. The company has two separate sales teams that focus o
    8·1 answer
  • bridgeport company changed depreciation methods in 2020 from double-declining-balance to straight-line. depreciation prior to 20
    7·2 answers
  • a construction manager just starting in private practice needs a van to carry crew and equipment. she can lease a used van for $
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!