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oee [108]
3 years ago
10

You are starting the four-year college education today, and you are worried if you have enough money in your account for tuition

s and fees. You are going to pay $15,000 a year at the beginning of each school year starting today. If the interest rate on your account is 7%, compounded annually, how much should you have in your account today? Round to the nearest cent. Do not include any unit (If your answer is $111.11, then type 111.11 without $ sign.)
Business
1 answer:
Strike441 [17]3 years ago
5 0

Answer:

The student should have in his account now the sum of $ 54,365  

Explanation:

In arriving at the amount above,I used the present value formula,which is:

PV=FV/(1+r)^n

FV=future value=$15000 at the beginning of each of the four years

r[=rate=7%

n=number for each payment

The table below showed the detailed calculation

Year Cash flows FV/(1+r)^n

0         15000        15000

1          15000        14,019  

2         15000        13,102  

3         15000        12,244  

       Total                      54,365  

Please note that the beginning of year of year 1 is the same as year 0 and so on.

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Answer:

$86 million

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Cash flows from operating activities

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2 years ago
You are the CEO of a company that has to choose between making a $100 million investment in Russia or Poland. Both investments p
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Answer:

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Russia has a higher score in the ranking, which means that doing business is less risky there. Poland has particularly high risks in the starting a business category, which means that the mere act of starting the business in Poland might be a risky decision.

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If we go only by score, Russia has a higher score, so, as the CEO, you should probably invest there. However, you should avoid investing in Russian companies that try to export abroad, because of the high risks associated with trade in that country.

8 0
3 years ago
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Answer:

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Answer:

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6 0
3 years ago
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