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
valentinak56 [21]
3 years ago
6

You have just received notification that you have won the $2.15 million first prize in the Centennial Lottery. However, the priz

e will be awarded on your 100th birthday (assuming you’re around to collect), 65 years from now. What is the present value of your windfall if the appropriate discount rate is 12 percent? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to 2 decimal places, e.g., 1,234,567.89.)
Business
1 answer:
zheka24 [161]3 years ago
6 0

Answer:

The present value is $1359.24

Explanation:

Giving the following information:

You have just received notification that you have won the $2.15 million first prize in the Centennial Lottery.

You will receive the price 65 years from now. The interest rate is 12%.

We need to use the following formula:

PV= FV/(1+i)^n

PV= 2150000/(1.12^65)= 1359.24

You might be interested in
5 objectives of an entrepreneur.
nydimaria [60]

Answer:

Explanation:

An entrepreneur is a person that sets up a business for the aim of making profits and of social benefits to the society . An entrepreneur bears the risks and rewards alone.

The five objectives of an entrepreneur are listed as below.

1) Profit making: This is one of the primary objectives of an entrepreneur and it is a basis on which some other objectives are built , being a source of cash generating to achieve other objectives.

2)Acquiring the right talents and skills ; An entrepreneur will like to have the right skills and talent in his team for efficiency , effective and economy  purposes.

3)Growth ; An entrepreneur aims at growth as the level of profit generated is directly related to the growth attained. The higher the growth, the higher the profit.

4)Sustainability : Another goal is sustainability . He will work towards maintaining his position in the market to ensure going concern . Every business is confronted with competition which can take a business down if not well managed.

5)Online positioning : Taking  advantages of online opportunities is critical to success in businesses. He will like to leverage on online opportunities for growth and sustainability.

5 0
3 years ago
ICOT Industries issued 15 million of its $1 par common shares for $424 million on April 11, 2012. Legal, promotional, and accoun
Gnoma [55]

Answer:

Date     Account title and Explanation             Debit               Credit

Apr 11   Cash ($424 million - $2 million)     $422,000,000

                    Common stock                                                     $15,000,000

                     Paid in capital in excess of par value                $407,000,000

                      ($422,000,000 - $15,000,000)

              (To record the issue of common Stock)

4 0
3 years ago
You sell short 600 shares of Microsoft that are currently selling at $25 per share. You post the 40% margin required on the shor
svet-max [94.6K]

Answer: 10%

Explanation:

Short sale of 600 shares at $25 will yield:

= 600 * 25

= $15,000

You posted 40% of this:

= 40% * 15,000

= $6,000

The profit in a year seeing as the price fell is:

= (25 - 24) * 600 shares

= $600

Rate of return is:

= Profit / Margin posted

= 600 / 6,000 * 100%

= 10%

8 0
3 years ago
He table below shows the number of male and female students enrolled in nursing at a particular university for a recent semester
Serga [27]
     ​(a) the probability that a randomly selected student is​ male, given that the student is a nursing major.

 total nursing Majors  (male+female)--------98+741=839

<span>Total males  nursing Majors ---------------------98</span>

 P=98/839=0.1168=11.68%

  (b) the probability that a randomly selected student is a nursing​ major, given that the student is male.

 total nursing Majors  (male+female)--------98+741=839

<span>Total males  --------------------------------------1151</span>

 P=98/1151=0.0851=8.51%

5 0
3 years ago
In​ ________, goals set by top managers flow down through the organization and become subgoals for each organizational area.
STatiana [176]

Answer:

traditional goal setting

Explanation:

This is traditional goal setting because the goals flow from the top down. Each organisational area then incorporates them from the top down.

3 0
3 years ago
Other questions:
  • give an example of a fairly major purchasing decision you've made in your lifetime. how did you justify the purchase? How did yo
    6·2 answers
  • Question help what is the definition of​ monopoly?
    8·1 answer
  • g suppose that a commercial bank wants to buy treasury bills. these instruments pay $500 in one year and are currently selling f
    6·1 answer
  • the bike costs 245 dollars. she has 125 dollars saved. each week she adds 15 dollars. how long will it take jennifer to save enu
    6·1 answer
  • The inaccuracy of the grapevine has more to do with the message output than with the input.A. TrueB. false
    15·1 answer
  • An investor wishes to save for her retirement. She arranges to have $250 per month withdrawn from her account to be invested int
    15·1 answer
  • How do you use the Selection Bar to select an entire document?
    13·1 answer
  • Which of the following is not an outcome of providing more responsive customer care?
    5·1 answer
  • National Chemical Company manufactures a chemical compound that is sold for $52 per gallon. A new variant of the chemical has be
    12·1 answer
  • An inflationary expenditure gap is the amount by which:.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!