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xxMikexx [17]
3 years ago
14

You have just received notification that you have won the $2.04 million first prize in the Centennial Lottery. However, the priz

e will be awarded on your 100th birthday (assuming you’re around to collect), 76 years from now. What is the present value of your windfall if the appropriate discount rate is 9 percent? (Enter your answer in dollars, not millions, e.g., 1,234,567. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Present value $
Business
1 answer:
blsea [12.9K]3 years ago
7 0

Answer:

Present value is $2918.88

Explanation:

Given Data:

Amount won=$2,040,000

Number of years=76 years

Interest rate=i=9%=0.09

Required:

Present value=?

Solution:

Formula

FV=PV(1+i)^n

Where:

FV is the future value=$2,040,000

PV is the present value

i is the interest rate=0.09

n is the number of years=76

PV=\frac{FV}{(1+i)^n}\\ PV=\frac{\$2040000}{(1+0.09)^{76}}\\ PV=\$2918.88

Present value is $2918.88

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EastWind [94]
Amortizing a loan P over n periods at i% interest / period, the payment per period is given by:
A= P(i(1+i)^n)/((1+i)^n-1)

In given situation,
P=20000
period=month
i=10%/12
n=5*12=60 months

A.  monthly payment amount
A= P(i(1+i)^n)/((1+i)^n-1)
= 20000(.1/12(1+.1/12)^60)/((1+.1/12)^60-1)
=424.98 to the nearest cent

B. EAR (effective annual rate)
the APR is 10%, but compounded monthly.
So 
EAR=(1+i/12)^12-1
=(1+0.1/12)^12-1
=0.104713
=10.4713%  (effective annual rate)

7 0
3 years ago
Accounting for lean operations requires fewer transactions because
Shtirlitz [24]
Lean operations including manufacturing and production are a system to minimize waste. This system works proactively and tries to limit the amount of productivity being wasted to manufacture items. Less transactions are needed in this system being they are efficient throughout the organization. 
7 0
3 years ago
Sloane tells eden that brad is a horrible son to his mother. brad sues for defamation even though he suffered no injury. brad wi
cricket20 [7]

"Defamation of character"

Is a catch-all term for any statement that hurts someone's reputation. Written defamation is called "libel," while spoken defamation is called "slander." Because written statements last longer than spoken statements, most courts, juries, and insurance companies consider libel more harmful than slander.

Defamation is not a crime in most states, but it is a "tort" (a civil wrong, rather than a criminal wrong). The person who has been defamed (the "plaintiff") can sue the person who did the defaming (the "defendant") for damages.

Defamation law tries to balance competing interests: On the one hand, someone shouldn't be able to ruin your life by telling lies about you; on the other hand, people should be able to speak freely without fear of litigation over every insult, disagreement, or mistake. Political and social debate is important in a free society, and we obviously don't all share the same opinions or beliefs. For example, political opponents often reach opposite conclusions from the same facts, and editorial cartoonists often exaggerate facts to make their point.

How Do You Prove Defamation?

Defamation happens when a person makes a false statement—verbally or in writing—about someone else that damages that person's reputation. Defamation laws vary from state to state, but the basic principles of defamation law are the same in every state.

A plaintiff suing for defamation typically must show:

  • The defendant published a statement about the plaintiff.
  • The statement was false.
  • The statement was injurious, and
  • The statement was unprivileged. .

Defenses to Defamation Lawsuits :

Defamation claims are complicated and hard to prove because defamation laws have to strike a balance between allowing people to protect their reputations and allowing the free exchange of information, ideas, and opinions.

You can defend yourself against a defamation lawsuit if the statement you made was:

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  • an opinion
  • privileged  or
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Learn more about Defamation :

brainly.com/question/14634806

#SPJ4

5 0
2 years ago
Which of the following is the federal agency charged with protecting consumers from "unreasonable risks of injury and death" fro
Lunna [17]

Answer:

The correct answer is option A.

Explanation:

The consumer product safety commission is an independent agency of the US government. It works to promote the safety of consumer products. It addresses the unreasonable risk of injury and develops uniform safety standards.  

This agency was founded in the year 1972 by the consumer product safety act. It basically protects the public from the products that can be dangerous, for instance, lawnmowers, washing machines, etc.  

3 0
3 years ago
This year Ed celebrated his 25th year as an employee of Designer Jeans Company. In recognition of his long and loyal service, th
Crank

Answer:

$2,490

Explanation:

Based on the information given we were told that in order for the company to recognize his long as well as loyal service they awarded Ed a gold watch worth the amount of $105 which as well include the amount of $2,490 as cash bonus which means that the amount that Ed must include in his gross income will be the cash bonus amount of $2,490.

Therefore the amount that Ed must include in his gross income is $2,490

4 0
3 years ago
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