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neonofarm [45]
3 years ago
11

A 22-year old college student has been promised a $1 million check at this 50thbirthday (28years from today). What is the presen

t value of the $1 million today assuming an interest rate of 5%
Business
1 answer:
adoni [48]3 years ago
4 0

Answer:

$255,093.64

Explanation:

Calculation to determine the present value of $1 million today

Using Financial calculator

PV = PV (rate, nper, pmt, fv, type)

Where,

FV = $1,000,000

Annual Interest rate = 5%

Number of periods = 28

Let plug in the formula

PV = PV (5%, 28, 0, -1000000, 0)

PV= $255093.64

Therefore the Present value of $1 million today is $255,093.64

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Starting an investment portfolio at a young age means
MissTica

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c. There is greater potential for high yield over a longer period

Explanation:

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3 years ago
The determinants of aggregate demand Multiple Choice explain shifts in the aggregate demand curve. explain why the aggregate dem
tamaranim1 [39]

Answer:

shifts in the demand curve

Explanation:

Aggregate demand is total value of goods and services demanded at a particular time in an economy. It indicate goods and services that will be bought at different prices.

The determinants of aggregate demand are factors that could cause shift in aggregate demand curve either to the left or right. A shift in aggregate demand curve to the right means an increase in quantity demand while a shift to the left means a decrease in quantity demand at every price level.

The determinants are ;

Price of the goods - An increase in price of the goods itself will bring about shift in the demand curve to the left and vice versa

Consumer expectations- When consumers expect price of goods to be high, demand curve would shift to the right and vice versa.

Price of related goods- An increase in price of related or complementary good would cause the demand to either shift to the left or right.

Income of the buyers - Increase in come of buyers would shift the demand curve to the right and vice versa.

Taste or preference of consumers- When consumer's preference shift in favour of a product, demand for such product would increase thus shifting the demand curve to the right.

3 0
3 years ago
IS THE ANSWER STILL A OR IS IT SOMETHING ELSE
miv72 [106K]
You do not have a question posted, so we cannot answer.
3 0
3 years ago
Everly Corporation acquires a coal mine at a cost of $400,000. Intangible development costs total $100,000. After extraction has
Anni [7]

Answer:

Explanation:

The journal entry is shown below:

Inventory A/c Dr $73,500

       To Accumulated depletion A/c $73,500

(Being the depletion is recorded)

The computation is shown below

First we have to compute the depletion per ton which is shown below:

= (Acquired cost of coal mine +  Intangible development costs + fair value of the obligation - Sale value) ÷ (Number of estimated tons of coal extracted)

= ($400,000 + $100,000 + $80,000 - $160,000) ÷ (4,000 tons)

= $105

Now if 700 are extracted in first year, so the depletion would be

= 700 × $105

= $73,500

5 0
3 years ago
What is chain of businesses or intermediaries through which a good or service passes until it reaches the final buyer or the end
NeTakaya

Answer:

A distribution channel is the correct answer.

Explanation:

3 0
2 years ago
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