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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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Answer: Resistance to change

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The managers was resisting the change due to the risk factor that it might not lead to benefit and the continuous success that the entity is making might stop.

Thus, the correct option is A.

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Which of the following describe the product in the marketing mix?
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Answer:

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3 years ago
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<em>I hope this information can help you.</em>

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The company's inventory management strategy affects the production budget as well. Depending on the company's strategic outlook, inventories may be increased or decreased.

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