Answer:
$6,541.32
Explanation:
the formula that would be used to solve this question is :
The formula for calculating present value:
FV x (1+r)^-n = P
FV = Future value = $9,963
P = Present value
R = interest rate = 5.4%
N = number of years = 8
$9,963 x (1.054)^-8 = $6,541.32
Answer:
$43,294.77
Explanation:
Here is the full question used in answering this quetion :
You win a lottery that pays $10,000 each year for the next 5 years beginning next year. How much are your winnings worth today if the market interest rate is 5%?
Present value is the sum of discounted cash flows
PV can be calculated with a financial calculator
Cash flow in year 1 - 5 = $10,000
i = 5%
PV = $43,294.77
To find the PV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
Answer:
1. False: A court of appeals hears evidence to decide the facts. They do not listen to evidence to decide the facts because appeal isn't a retrial of the case.
2. True: When a party alleges a fact, it means that fact has not yet been determined by the jury to be true.
3. True: A judge instructs a jury on the law that applies in a case. It is known as jury instructions.
4. False: Decisions by higher courts in a state are not binding on lower courts within that state's jurisdiction. There decisions are actually binding on lower courts within that state's jurisdiction.
5. True: Judges may apply the law, but they do not have power to change the law.
6. True: The U.S. Constitution is the supreme law in the United States and no other law can contradict it.
7. True: Litigation is the process of resolving a dispute through the court system.
8. True: The trial court, which first hears a case, is known as a court of original jurisdiction.
9. True: Although cases may be similar, one important fact can change the outcome and create new precedent.
10. False: Appellate Courts review questions of fact but not questions of law. The appellate court can review questions of law as "De novo" or plenary review (legal error standard).
11. True: The Uniform Commercial Code has been adopted in all fifty states.
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The demand shifter is the expected increase in the price of the lab coats.
The equilibrium price and quantity would increase.
<h3>What would happen to equilibrium price and quantity?</h3>
When there is an expectation of an increase in the price of lab coats, people would want to buy more lab coats now to avoid buying lab coats at a high price next week.
As a result, the demand curve for lab coats shifts to the right. The equilibrium price and quantity would increase.
Please find attached the required diagram. To learn more about the demand curve, please check: brainly.com/question/25140811
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