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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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Flura [38]

Answer:

E) Oil imports declined as countries exporting oil reduced supply.

Explanation:

Oil is extremely important for industrialized nations and since Euphrasia is a mixed open economy, we can assume that it is an industrialized nation. Oil has become the most important energy source for more than 60 years and is the raw material for manufacturing plastic.

During the 1970s and early 1980s the American economy was shattered by an increase in the price of foreign oil and a decrease in its domestic production levels. The importance of oil is also why so many modern wars have been fought over oil production and reserves.

4 0
3 years ago
You just acquired a home mortgage for 30 years in the amount of $184,500 at 4.65 percent interest, compounded monthly. How much
alex41 [277]

Answer:

EMI=P*r * (1+r)^n/(1+r)^n-1

Where EMI= equal monthly installments

P=Principal amount

r=rate of interest

n=numer of periods

Explanation:

P=$184,500

r=4.65%/12=.3875%

n=30*12=360

EMI=$184,500*.3875%*(1+.3875%)^360/((1+.3875%)^360-1)

EMI=$951

Interest in first monthly installment=$715

Principal Amount in first monthly installment=$236

7 0
3 years ago
All of the following would be considered closing costs except for: a) A title search b) Cost of repainting the kitchen before mo
otez555 [7]
B/ <span>Cost of repainting the kitchen before moving in</span>
5 0
3 years ago
Sparty Corporation has provided the following information for its most recent year of operation:
Wewaii [24]

Answer:

E. $40,600

Explanation:

Calculation for the amount of net income reported on Sparty's income statement

Revenue $97,000

Less: Operating Expenses $39,000

Profit Before Tax $58,000

(97,000-39,000)

Less Taxes $17,400

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($58,000-$17,400)

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7 0
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In the past, manufacturer's representatives did not have real-time inventory data about the products they were selling. Today, m
Airida [17]

Answer:

sharing information across the organization.

Explanation:

ERP software systems allow employees accurate and timely access to real time information about the company's areas that they work with. This can optimize how the company operates and increase cooperation between different areas. Also unnecessary operations and delays are eliminated.

Before, salespeople had to continuously check with inventory department about what products were available and ready to be sold, which caused delays and time is money.

6 0
3 years ago
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