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Neko [114]
3 years ago
14

Harold would be equally happy with receiving $95 today or $100 one year from today. Harold's friend Maud would bejust as happy r

eceiving $90 today or $100 one year from today. Based on this information, which of the following best describes the difference between Harold and Maud?a. Harold has a higher rate of time preference than Maud.b. Maud has a higher rate of time preference than Harold.c. Maud is poorer than Harold.d. Harold is older than Maud
Business
2 answers:
kap26 [50]3 years ago
7 0

Answer:

Maud has a higher rate of time preference than Harold

Explanation:

People with a higher rate of time preference are focused more on their present and the immediate future comfort  than other people.

When rate of time preference is higher the person is willing to give more on what they received in order to receive the benefit before.

FinnZ [79.3K]3 years ago
4 0

Answer:

.b. Maud has a higher rate of time preference than Harold

Explanation:

HAROLD MAUD

i=C*i*t i=C*i*t

5=95*I*1 5=90*I*1

I=5/95 I=10/90

 

5,26% 11,11%

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Lennon, Inc. is considering a five-year project that has an initial outlay or cost of $80,000. The respective future cash inflow
SIZIF [17.4K]

Answer:

26.16%

Explanation:

Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested

IRR can be determined using a financial calculator

CO = -80,000

C1 = $15,000

C2 = $25,000

C3 = $35,000,

C4 = $45,000

C 5 = 55,000

IRR = 26.16

To determine IRR 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 IRR button and then press the compute button.  

4 0
3 years ago
Your grandparents deposit $2,000 each year on your birthday, starting the day you are born, in an account that pays 7% interest
OverLord2011 [107]

Answer:

The money you will have is $98020.

Explanation:

It is given that grandparents deposit $2,000 each year on birthday and the account pays 7% interest compounded annually also the time is 21 years.

we will use the compound interest formula  A=P (1 + \frac{r}{100})^{t}.

For the first birthday the amount after 21 yr will be:

A=2000(1+\frac{7}{100})^{21}

Similarly for the second birthday amount after 20yr will be:

A=2000(1+\frac{7}{100})^{20}

likewise, the last compound will be:

A=2000(1+\frac{7}{100})^1

The total value of such compounding would be :

\text {Total amount}=2000(1+\frac{7}{100})^{21}+2000(1+\frac{7}{100})^{20}...2000(1+\frac{7}{100})^{1}

\text {Total amount}=2000[(1+\frac{7}{100})^{21}+(1+\frac{7}{100})^{20}...(1+\frac{7}{100})^{1}]

\text{Total amount} \approx 2000(48.01)

\text{Total amount} \approx 96020

The total amount just after your grandparents make their​ deposit  is:

≈($96020+2000)

≈$98020

Hence, the money you will have is $98020.

4 0
3 years ago
Unistar Inc., is an FMCG company that produces a wide range of offerings such as grocery items and personal care products. If Un
Mila [183]

Answer:

b) Descriptive

Explanation:

Descriptive  research -

It refers to the questions of the research , designing the data and researching and analyzing the topic , is called the descriptive research .

it is also known as the observational research method .

From the data of the question , the Unistar Inc , need to opt for a  descriptive research .

6 0
3 years ago
A person who has not worked in six months and has given up looking for work is officially classified as unemployed. true false
just olya [345]
True they belong to the bracket of unemployed citizens and are dependent on the working force or are consuming their savings
8 0
3 years ago
Match each of the numbered descriptions with the term or phrase it best reflects. Indicate your answer by writing theletter for
Temka [501]

Please the remaining part of the question below :

1.Amount a business earns after paying all expenses and costs associated with its sales and revenues.

2.An examination of an organization’s accounting system and records that adds credibility to financial statements.

3.Principles that determine whether an action is right or wrong.

4.Accounting professionals who provide services to many clients.

5.An accounting area that includes planning future transactions to minimize taxes paid.

Answer:

1.Amount a business earns after paying all expenses and costs associated with its sales and revenues. - Net income (G)

2.An examination of an organization’s accounting system and records that adds credibility to financial statements. - Audit (A)

3.Principles that determine whether an action is right or wrong. - Ethics (C)

4.Accounting professionals who provide services to many clients.- Public accountants (F)

5.An accounting area that includes planning future transactions to minimize taxes paid- Tax accounting (D)

Explanation:

6 0
3 years ago
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