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Schach [20]
3 years ago
15

A lottery winner will receive $5 million at the end of each of the next fourteen years. What is the future value​ (FV) of her wi

nnings at the time of her final​ payment, given that the interest rate is 8.2​% per​ year?

Business
1 answer:
tester [92]3 years ago
5 0

Answer:

$122,821,129.69

Explanation:

For computing the future value we need to apply the future value formula i.e to be shown in the attachment below:

Provided that,  

Present value = $0

Rate of interest = 8.2%

NPER = 14 years

PMT = $5,000,000

The formula is shown below:

= -FV(Rate;NPER;PMT;PV;type)

So, after applying the above formula, the future value is $122,821,129.69

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Elden [556K]
My guy what is this.
7 0
3 years ago
Read the following selection, and answer the following question.
pshichka [43]

Answer: The answer is given below

Explanation:

1. False

The is not an effective beginning for the letter. From the question, we can see that the person needs invoicing process information. The best beginning will have been "Based on your request to know about the invoicing process information ....

2. B. Satisfy the inquiry and take the opportunity well introduce another product as well.

The technique that should be used to promote a business when responding to a customer's inquiry is by first satisfying the inquiry. This is done by giving a detailed and correct answer to the question that is asked by the person. After satisfying the person, then another product can be introduced to the person. The person will be willing to listen after his curiosity or inquiries gas been satisfied.

3. The strategies that a direct response message should use are:

A. List answers to the customer's questions in the order asked.

B. Close pleasantly with a forward looking statement

C. Place the most important information first.

When replying direct messages, the most vital information should be put at the top so that it could easily be seen by the customer and answers should also be provided to the questions asked by the customer based on the way that the customer asked the questions. This will make the reply logical and easily comprehendible. Lastly, the closing remarks should be pleasant, and positive.

3 0
4 years ago
Anna Jonas owns a manufacturing firm in Indonesia and strongly believes that it is important that​ workers' rights be respected.
Lisa [10]

Answer: cognitive dissonance

               

Explanation: Cognitive dissonance takes place in the fields of psychology when an individual holds two or more irrational beliefs, concepts, or principles, or takes part in a motion that runs counter to any of these three and thereby perspectives mental stress.

Inconvenience is caused by an individual's belief that conflicts with new interpreted proof (statistics) in which they attempt to take steps to address the inconsistency in order to minimize their distress.

In simple words, The concept behind cognitive dissonance shows that people find psychological continuity regarding their life span and the earth's objective reality.

8 0
4 years ago
After enrolling in the MBA program at Minor State University, Sheri began having second thoughts. Although MSU seemed to be a go
NARA [144]

Answer:

Option D                  

Explanation:

In simple words, Cognitive dissonance refers to the practical contact of mental stress that arises whenever an individual holds two or more contradictory beliefs, ideas, values or takes part in a behavior contrary to some of these three.

As per this concept, when two acts or thoughts do not coincide mentally with each other, individuals will do everything they can to alter these until they become compatible.

Thus, from the above we can conclude that the correct option is D .

6 0
3 years ago
Ralph agrees to lease an apartment from Susan for one day to see Thomas, the president of the United States, deliver a speech in
Reptile [31]

Answer:

A, discharged

Explanation:

Since the speech to be seen is cancelled well ahead of the due date, then the contract between Ralph and Susan is discharged. There is no more speech to listen to and as such Susan can have her apartment back.

Cheers.

5 0
3 years ago
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