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Aleksandr [31]
3 years ago
13

You just won the TVM Lottery. You will receive $1 million today plus another 10 annual payments that increase by $690,000 per ye

ar. Thus, in one year, you receive $1.69 million. In two years you get $2.38 million, and so on. If the appropriate interest rate is 7.9 percent, what is the value of your winnings today? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, and round your answer to 2 decimal places, e.g., 1,234,567.89.)

Business
1 answer:
svlad2 [7]3 years ago
5 0

Answer:

Please see attachment

Explanation:

Please see attachment

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Define incentive. Provide an example of a financial and a non financial incentive....
Montano1993 [528]

An incentive is a thing that motivates or encourages one to do something.

Financial incentives can include things like bonuses, raises, paid time off, and other things that involve money.

Non-Financial incentives include things like recognition, respect, career development opportunities, retirement planning assistance, improved work environment, etc.

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4 years ago
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The stated purposed of NAFTA is to A. gain membership in the WTO. B. reduce the outsourcing of jobs to foreign countries. C. pha
jekas [21]

Answer:

C. phase out all trade and tariff barriers among​ Canada, Mexico, and the U.S

Explanation:

The North American Free Trade Agreement (NAFTA)

This agreement creates a bloc of trade for the region, Canada, Mexico and the US.

As state on "C" It result in the elimination or reduction of barriers to trade and investment between the countries.

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But NAFTA will keep working until this new agreement is finished.

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3 years ago
Research has found that for many products, including soft drinks, coffee, and cosmetics, consumers are unable to distinguish amo
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The correct answer is routine problem solving. Routine problem solving is being defined as having to associate at least one arithmetic operations or even a ratio in regards to solving problems that are likely to be practical in nature or in the environment.

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3 years ago
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Your parents put $300 into an account paying 11 percent interest for you when you were ten. Ten years later they tell you that y
Flauer [41]

Answer:

The balance in the account = $851.8

Explanation:

The future value of a lump sum is the amount expected at a future date when a sum of money is invested today at a particular rate of interest for certain number of years

.

This implies compounding the initial amount invested ($300) at the given interest rate(11%) for 10 years.This will be done as follows:

<em />

FV = PV × (1+r)^(n)

FV-Future value

r- rate of return per period

n- Number of period

PV - 300

r-11%

DATA

FV- ?

PV - 300

n- 10

FV= 300 × 1.11^10 = 851.83

The balance in the account = $851.8

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3 years ago
Creating a …………………… is a basic building block in a/an ………………… that assists business executives understand the risks associated w
Aleonysh [2.5K]

Answer:

The correct answer is letter "B": Risk profile; Enterprise Risk Management.

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One of the many good practices for Information Governance (IG) relies on developing a risk profile in Enterprise Risk Management to safeguard data. The risk profile should include the likelihood of threats, its impact and how the risk could be mitigated after it takes place. Risks profiles can be created in multiple ways in multiple frequencies.

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