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
Eddi Din [679]
3 years ago
7

Tatsuo has just been awarded a four-year scholarship to attend the university of his choice. The scholarship will pay $9,000 eac

h year for the next four years to reimburse normal school-related expenditures. Each $9,000 payment will be made at the end of the year, contingent on Tatsuo maintaining good grades in his classes for that year. Assuming an annual interest rate of 7.0%, determine the value today of receiving this scholarship if Tatsuo maintains good grades. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Round your answer to 2 decimal places.)
Business
1 answer:
a_sh-v [17]3 years ago
4 0

Answer:

Value of scholarship today = $30,484.90

Explanation:

The value of the Scholarship is the present value of the annual payment of $9,000 discounted as the annual interest rate of 7% per annum.

This can be computed using the formula below

Present Value = Annual cash flow ×  (1- (1+r)^(-n)/r)

n -number of years, r-interest rate

rate r- 7%, n=4, Annual  cash flow = 9,000

Present Value = 9,000× (1-1.07^-4)/0.07

                      = 9,000× 3.3872

                      = $30,484.90

Value of scholarship today = $30,484.90

You might be interested in
An example of a population is all people who shop at Target while a sample is only those people who buy orange juice at Target.
Mekhanik [1.2K]

Answer:

True

Explanation:

A population in statistics is defined as the total items that is of interest to the scientist and from which studies are conducted to draw conclusions.

It is from population samples are drawn.

Sample is defined as a part of a population that is studied and used to draw inference or conclusion about the whole population.

In the given scenario all people who shop at Target are the population that is of interest.

To draw conclusion about the population only those people who buy orange juice at Target. A are used as a sample to draw conclusions

5 0
3 years ago
astrid is starting a new job that involves a lot a driving, and she wants to have a comfortable new car with the latest gadgets.
Mama L [17]

Answer:

She better lease a car for work.

Explanation:

The most significant distinction between a lease and a rental agreement is the length of time they are valid for. In most cases, a rental agreement is for a short length of time (typically 30 days), but a lease contract is for a longer amount of time (generally 12 months, although 6 and 18-month leases are also frequent). So it's better to lease a car because you can use it longer.

4 0
2 years ago
Car X can come with any of these 5 additional features: sunroof, stereo, tinted windows, leather seats and cruise control.
Law Incorporation [45]

This question is incomplete! here is the complete question with answer!

Car X can come with any of these 5 additional features: sunroof, stereo, tinted windows, leather seats and cruise control.

Quantity A : Number of different combinations possible

Quantity B : 25

A The quantity in Column A is greater

B The quantity in Column B is greater

C The two quantities are equal.

D The relationship cannot be determined from the information given.

Answer:

A The quantity in Column A is greater

Explanation:

Lets first analyze the number of different combinations possible!

To find out the combinations we use the following formula:

The number of ways to choose a sample of r elements from a set of n distinct objects where order does not matter.

nCr=\frac{n!}{r!(n-r)!}

Car X can have these 5  features: sunroof, stereo, tinted windows, leather seats and cruise control.

Car X has 2 options for each feature: Included or Not included

If car X has no feature at all then:

5C0=\frac{5!}{0!(5-0)!}=\frac{5!}{0!*5!}=1

If car X has 1 feature included then:

5C1=\frac{5!}{1!(5-1)!}=\frac{5!}{1!*4!}=5

If car X has 2 features included then:

5C2=\frac{5!}{2!(5-2)!}=\frac{5!}{2!*3!}=10

If car X has 3 features included then:

5C3=\frac{5!}{3!(5-3)!}=\frac{5!}{3!*2!}=10

If car X has 4 features included then:

5C4=\frac{5!}{4!(5-4)!}=\frac{5!}{4!*1!}=5

If car X has all of the 5 features included then:

5C5=\frac{5!}{5!(5-5)!}=\frac{5!}{5!*0!}=1

Now sum all the possible combinations: 1+5+10+10+5+1=32

So, quantity A is 32 and quantity B is 25

Therefore, we can conclude that the quantity in column A is greater

8 0
3 years ago
I WILL GIVE BRAINLIEST, 5 STARS, AND A THANKS IF YOU HELP ME PLEASE!!!!!
siniylev [52]

Answer:

Actively listen if she is at her desk but ask them to approach her at a better time if she is in the lunchroom or in the hallway

7 0
2 years ago
Which of the following best defines tangible products? They refer to the physical entities or services that are offered to a buy
Len [333]

Answer: <em>They refers to the physical entities or service that are offered to a buyer .</em>

Explanation:

The statement written above best defines the tangible commodities. A physical good that can be distinguished by touch. Examples of these are automobile, confectionery items such as beverages etc, personal computers, mobiles, etc. Many business organization are also required to dispense packaging for these commodities in order to provide security during their transportation.

4 0
3 years ago
Other questions:
  • A company's sales forecast would likely consider all of the following factors except: advertising and pricing policies. top mana
    6·2 answers
  • Bagwell's net income for the year ended December 31, Year 2 was $175,000. Information from Bagwell's comparative balance sheets
    7·1 answer
  • Benson Company produces flash drives for computers which have variable costs of $10 per flash drive to produce. Each flash drive
    11·1 answer
  • In March, stockholders of Herbalife Nutrition approved a 3-for-2 stock split. After the split, how many shares of Herbalife stoc
    10·1 answer
  • What countries represent the largest global business opportunities for the next decade
    10·1 answer
  • All of the following are forms of cognitive bias except:_____.
    14·1 answer
  • In Mordica Company, total material costs are $36,000, and total conversion costs are $57,500. Equivalent units of production are
    5·1 answer
  • True or False.
    14·1 answer
  • Which of the following accurately describes a capital gain?
    15·1 answer
  • The following information is available pertaining to Bonita Division, that uses a plant-wide overhead rate based on machine hour
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!