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
SOVA2 [1]
3 years ago
14

Jose wants to cash in his winning lottery ticket. He can either receive seven, $2,000 annual payments starting today, or he can

receive one lump-sum payment today based on a 3% annual interest rate. What would be the lump-sum payment
Business
1 answer:
maxonik [38]3 years ago
8 0

Answer:

Hence the Lumpo-sum Payment is $12834.38(Approx).

Explanation:  

Present value of annuity due= (1+interest rate)*Annuity[1-(1+interest rate)^-time                                                                    

                                                                                           period]/rate

                                               = (1+0.03) x 2000 [1-(1+0.03)^ -7] / 0.03  

                                               =1.03\times 2000[1-(1.03)^{-7} ]/0.03\\=2060 \times 6.23\\=$12834.38(Approx).

You might be interested in
3. Hayden Company currently sells widgets for $160 per unit. The variable cost is $60 per unit and total fixed costs equal $240,
notsponge [240]

Answer:

The contribution margin per unit is $100

Explanation:

The computation of the contribution margin per unit is shown below:

The Contribution margin per unit is

= Selling price per unit - variable cost per unit

= $160 - $60

= $100

hence, the contribution margin per unit is $100

We simply applied the above formula so that the correct value could come

And, the same is to be considered

4 0
3 years ago
Swifty corporation has beginning and ending work in process inventories of $190000 and $205000 respectively. if total manufactur
Valentin [98]

Swifty corporation has a beginning and ending work in process inventories of $190000 and $205000 respectively. if total manufacturing costs are $680000 then the total cost of goods manufactured will be  (Manufacturing cost + Begining work cost - Ending work cost) i.e., $680000 + $190000 - $205000 = $665000.

Manufacturing cost is the sum of fees of all sources eaten up inside the process of creating a product. the production cost is assessed into three categories: direct materials value, direct labor cost, and production overhead. it's miles an issue in the total shipping cost.

manufacturing cost play a critical part in the successful design and manufacture of a product. based on the version of delivered value, the production charges must be much less than the cost added to allow a profit to be made. therefore, the cost of the design and manufacture of a product is vital in ensuring fulfillment.

And we can genuinely speak about the factors that force the producing expenses of your challenge — matters like the fee of uncooked substances, exertions costs, overhead, earnings margin, and the forms of manufacturing procedure your product requires.

the producing price is classed into three categories: direct substances fee, direct exertions value, and production overhead.

Learn more about Manufacturing cost here:- brainly.com/question/25279292

#SPJ4

3 0
1 year ago
A process breakdown structure can provide a reasonable alternative to a work breakdown structure for an extensive development pr
Yuki888 [10]

The answer is when the risk planning has been added in the project that is going to be taken on because a process breakdown structure has a way of reaching its goal in means of having to include desired outputs which means even risk planning can be of help in a way to establish and evaluate the goal.

5 0
3 years ago
Suppose an investor is interested in purchasing the following income producing property at a current market price of $450,000. T
Vikki [24]

Answer:

Net Present value of Project is $9,890

Explanation:

Net present value is the Net value all cash inflows and outflows in present value term. All the cash flows are discounted using a required rate of return.

Net Present Value of Property is $9,890

Workings are made in an MS Excel file, which is attached with this answer. please find it.

Download xlsx
6 0
3 years ago
One important benefit of a multiparty system over a two-party system is that ____________.
Musya8 [376]
<span>Actually one important benefit of a multiparty system over a two party system is that there will not be any single powerfull person controlling like a king or queen what ever and when ever he or she wants, without considering or taking consent of main important peoples, and also it gives more opinions and options in a multiparty system for the benefit of people.</span>
3 0
4 years ago
Other questions:
  • A profit-maximizing firm will hire the variable input, labor, until the point where: Group of answer choices marginal product of
    11·1 answer
  • Pretzelmania, Inc., issues 5%, 20-year bonds with a face amount of $50,000 for $44,221 on January 1, 2021. The market interest r
    14·1 answer
  • In Bovania, cattle compose 48 percent of the consumer price index (CPI), housing composes 32 percent, and entertainment accounts
    15·1 answer
  • Can someone please help me???
    10·2 answers
  • Describe the relationship between an individual consumer's demand and market demand
    7·1 answer
  • You are looking at a one-year loan of $26,000. The interest rate is quoted as 11 percent plus two points. A point on a loan is 1
    5·1 answer
  • Read each statement about trademarks, trade secrets, copyrights, and patents, select the TWO True statements.
    7·1 answer
  • Rich deposited money into a bank account that earned 2. 5% simple interest each year. After 2 years, he had earned $14. 65 in in
    7·1 answer
  • The ________ adopted an elaborate form of interest arbitration, known as the Experimental Negotiating Agreement, in the 1970s as
    12·1 answer
  • Leaders in the _____ emphasize cooperation, consideration of both employees and customers, and avoiding status differences.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!