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
Lemur [1.5K]
3 years ago
7

Shelley wants to cash in her winning lottery ticket. She can either receive sixteen $100,000 semiannual payments starting today,

or she can receive a single-amount payment today based on a 6% annual interest rate. What is the single-amount payment she can receive today?
a. $878,611

b. $744,090

c. $853,020

d. $801,969
Business
2 answers:
Arte-miy333 [17]3 years ago
5 0

Answer:

$1,256,000

Explanation:

Data provided in the question:

Number of semiannual payments received = 16

Amount of each payment = $100,000

Annual interest rate = 6%

Thus,

Semiannual interest rate = \frac{6\%}{2} = 3% = 0.03

Now,

Payment = Amount × \frac{(1-(1+i)^{-n})}{i}

or

Payment = $100,000 × \frac{(1-(1+0.03)^{-16})}{0.03}

Payment = $100,000 × 12.56

or

Payment = $1,256,000

monitta3 years ago
4 0

Answer:

$878.611

Explanation:

just answered it

You might be interested in
PLEASE HELP ME!!!<br> How are mental, physical, and financial health related? Three sentences
cricket20 [7]

Answer:

They are related because all of the heaths are commonly linked to anxiety and depression. So when a person is financially struggling they can have anxiety which affects their mental health which affects there want to be physical which makes their physical health bad. So all of these are linked together so if one is bad then the others are sure to become bad too.

4 0
3 years ago
Customers who owned Nintendo’s 8-bit video game console were unable to play the same games on the firm’s new 16-bit Super Ninten
Gala2k [10]

Answer:

I would choose B. But im not 100% sure.

Explanation:

5 0
3 years ago
Read 2 more answers
Your family's house needs a new roof. in order to find out which roofers are reliable and charge fair prices, your family should
Alchen [17]
Your family should call your local Better Business Bureau. Hope this helps.
3 0
3 years ago
Information collected from multiple sources such as suppliers, customers, competitors, partners, and industries that analyzes pa
SSSSS [86.1K]

Answer:

A. True

Explanation:

The term business intelligence refers to the plans, process through which the raw data is to be converted into meaningful information that became relevant for the ethical decision making so that the goals and the objectives of the company could be accomplished.  

Data + Process = Information

Collection of information through internal and external parties would also help to analyze the trends, patterns for better decision making.  

Therefore, the given statement is true.

5 0
3 years ago
Which of the following statements about fluctuating exchange rates and the related effects on companies competing in foreign mar
Elan Coil [88]

C. Companies that are manufacturing goods in a particular country and are exporting much of what they produce lose out when that country's currency grows weaker relative to the currencies of the countries that the goods are being exported to

Explanation:

Fluctuating exchange rates will cause companies that are manufacturing goods in a particular country and are exporting much of what they produce to lose out when that country's currency grows weaker relative to the currencies of the countries that the goods are being exported to.

  • If the currency of a country weakens compared to that of another country, the exchange power of such currency reduces.

It simply implies that more of the weak currency will have to be exchange for little of the stronger one.

  • In this context, comparison is drawn between exchange rates and companies in foreign markets.
  • For companies manufacturing their goods locally and exporting them, they have to pay more using their weak local currency to source for raw materials.
  • This will eventually tell on the cost of production of the goods.
  • To measure up, selling price of the exports will increase.
  • This can dissuade potential buyers from patronizing them in the foreign market. .
  • if they decide to keep selling at the previous price, loss can set in.

Learn more:

Inflation brainly.com/question/10432342

#learnwithBrainly

4 0
3 years ago
Read 2 more answers
Other questions:
  • The main focus behind why Equal Exchange is in business is to help out the small farmers and be fair to their needs. This is exe
    11·1 answer
  • You have just determined the actual number of workstations that will be used on an assembly line to be 8 using the assembly-line
    11·1 answer
  • Lower inventory levels Group of answer choices make processes less dependent on each other while revealing bottlenecks more quic
    11·1 answer
  • If $1,500 is invested at 3% interest, how much money must be invested at 6% so that the total return for both investments is $19
    13·1 answer
  • The Carlberg Company has two manufacturing departments, assembly and painting. The assembly department started 10,000 units duri
    13·1 answer
  • A company's fixed operating costs are $370,000, its variable costs are $3.25 per unit, and the product's sales price is $5.65. W
    13·1 answer
  • You want to buy a new car, but you can make an initial payment of only $2,400 and can afford monthly payments of at most $500. a
    7·1 answer
  • True or false. in the real world, decreases in ad normally lead to decreases in both output and the price level.
    11·1 answer
  • A refrigerator used by a wholesale warehouse has a cost of $64,000, an estimated residual value of $5,200, and an estimated usef
    13·1 answer
  • How did you find the total expense?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!