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Setler [38]
3 years ago
13

50K in 2018 what does it mean or what is it?

Business
1 answer:
damaskus [11]3 years ago
6 0

Answer:

50K in 2018 means that 50,000 dollars were earned in the year 2018, so this could refer to the annual income of a person or a household.

This would be equivalent to a monthly wage of 4,166 dollars each month, because 50,000 / 12 = 4,166.

This wage would be very close to the median wage in the United States.

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2 years ago
Your boss leaves you a note, asking you to determine the present value of a $1,200,000 payment to be made in six years assuming
shtirl [24]

Answer:

so value of the mistake is $311685.71

Explanation:

given data

present value = $1,200,000

time = 6 year

discount rate = 18%

discount rate = 8%

to find out

What is the dollar value of the mistake

solution

we get here present value that is express as for both rate that is

present value = \frac{FV}{(1+r)^t}

put here value

present value =  \frac{1200000}{(1+0.18)^6}

present value 1 = $444517.85

and

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so

difference is $756203.55 - $444517.85

difference is = $311685.71

so value of the mistake is $311685.71

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3 years ago
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3 years ago
Read 2 more answers
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