Which of the following is SIQ most likely to

You have just received notification that you have won the $3 million first prize in the Centennial Lottery. However, the prize w

son4ous [18]

Answer:

The present value of your windfall if the appropriate discount rate is 10 percent is $5,562

Explanation:

Amount of Prize = $3,000,000

number of year = 66 years

Discount Rate = 10%

use following formula to calculate the Present value of Lottery prize

Present Value = Future value / ( 1 + discount rate )^number of years

PV = FV / ( 1 + r )^n

PV = $3,000,000 / ( 1 + 0.10 )^66

PV = $3,000,000 x ( 1 + 0.10 )^-66

PV = $3,000,000 x ( 1.10 )^-66

PV = $5,561.65

PV = $5,562

8 0

3 years ago

You can purchase an item you need for a project for $10,000 and it has daily operating costs of $500, or you can lease the item

aleksandr82 [10.1K]

Answer:

On the 50th day, the purchase cost will be equal to the lease cost

Explanation:

Given that:

Daily operating costs of $500
Purchasing cost for the item: $10,000
Lease amount: $700

Let x is the number of days the purchase cost be the same as the lease cost. As we now that:

The total cost should be equal to the total lease received

<=> 10,000 + 500x = 700x

<=> 200x = 10000

<=> x = 50

Hence, on the 50th day, the purchase cost will be equal to the lease cost

3 0

3 years ago

Paper back and a domestic book selling company.

lutik1710 [3]

sksbeveurirjrbjfifjdbdudisbwbs8dbwbs9jsbs

7 0

3 years ago

Indicate all items in the following list that are not consumption goods and services and explain why.Item a: A chocolate barIte

natima [27]

Answer: Option B, D , E

Explanation: In simple words, goods which are not used in the production of other goods rather consumed by the individual to satisfy current wants is called consumer goods.

So, form the above explanation we can conclude that a chocolate bar and a golf ball are consumer goods among all options.

.

B. A ski lift will be used continuously by the owner for its business operation. Hence, not a consumer good.

D. A shopping mall cannot be considered a good. It is a fixed asset to the entity owning it. Hence, not a consumer good.

E. A train will continuously used by the organisation owning it for its business purpose. Hence , not a consumer good.

8 0

3 years ago

The following situations should be considered independently. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $

Naddika [18.5K]

Answer:

1. John Jamison Approximately how long will it take John to reach his goal?

8.

2. Jasmine Company What is the interest rate implicit in this agreement?

8,77%

3. Sam Robinson What is the annual payment Sam must make to pay back his friend?

2416,815107

Explanation:

PV x Int Rate x+int.rate N y y*PV

1. John Jamison 30000 1 10% 110% 8 2,143 64307,6643 64307

2.Jasmine Company N Monthly principal interest Net value

33.494

1 6.000 3.062 2.937 30.432

2 6.000 3.331 2.669 27.101

3 6.000 3.623 2.377 23.477

4 6.000 3.941 2.059 19.536

5 6.000 4.287 1.713 15.250

6 6.000 4.662 1.337 10.587

7 6.000 5.071 929 5.516

8 6.000 5.516 484 0

Loan 33494

Monthly: 8

Interest: 8,77%

Monthly payment 6.000

3. Sam Robinson N Monthly principal interest Net value

15000

1 2416,815107 766,815107 1650 14233,18489

2 2416,815107 851,1647687 1565,650338 13382,02012

3 2416,815107 944,7928933 1472,022214 12437,22723

4 2416,815107 1048,720112 1368,094995 11388,50712

5 2416,815107 1164,079324 1252,735783 10224,4278

6 2416,815107 1292,128049 1124,687058 8932,299746

7 2416,815107 1434,262135 982,5529721 7498,037611

8 2416,815107 1592,03097 824,7841372 5906,006641

9 2416,815107 1767,154376 649,6607306 4138,852265

10 2416,815107 1961,541358 455,2737492 2177,310907

11 2416,815107 2177,310907 239,5041998 0

5 0

3 years ago