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Serga [27]
3 years ago
9

As a result of an injury settlement with your insurance you have the choice between (1) receiving $5,000 today OR (2) $6,500 in

three years. If you could invest your money at 8% compounded annually, which option should you pick
Business
1 answer:
Murljashka [212]3 years ago
8 0

Answer:

option 2

Explanation:

to determine the better option, calculate the present value of option 2. The more suitable option is the option with the higher present value

Present value is the sum of discounted cash flows

Present value = future value / ( 1 + r)^n

r = interest rate

n = number of years

6500 / ( 1.08^3) = 5159.91

the present value of option 2 is higher than that of option 1,, so pick option 2

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Choose the correct statement regarding the structure of the plasma membrane. Multiple Choice
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Explanation:

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Pilfer Company acquired 90 percent ownership of Scrooge Corporation in 20X7, at underlying book value. On that date, the fair va
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C) $100,000

Explanation:

Based on the information given we were told

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The following amounts are reported in the ledger of Mariah Company: Assets $ 78,000 Liabilities 41,000 Retained Earnings 9,000 W
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4 0
3 years ago
You have a standard practice of displaying all student work in your classroom. Recently, you assigned students to write any essa
Tresset [83]

Answer:

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Explanation:

Reference possibilities could be

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Good luck.

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