Answer:
it will pay an amount of $21107986.18
Explanation:
firstly we will be using the present value annuity formula to calculate how much will the first payment be for the annuity as there will be 30 annual payments of the lotto amount so :
Given $365000000 which is the present value of the annuity Pv.
Interest that will be gained from saving the money which is 4% per annual (i)
now we also have 30 annual payments which is our n
we are looking to find C the monthly payments .
we will now substitute these values to the formula which follows and solve for C:
Pv = C[(1-(1+i)^-n)/i]
365000000 = C[(1-(1+4%)^-30)/4%] then we divide both sides with what multiplies C
$365000000/ [(1-(1+4%)^-30)/4%] = C
$21107986.18 = C
This is the first payment that the power ball winner will get.
Answer:
Self reference criterion ( C )
Explanation:
The cultural differences seem strange to Jackie because she is relying on her self reference criterion
self reference criterion is the influence one's culture will have on the person when the person is exposed to a situation that is suppose to portray the culture the person is used to, but the situation portrays a different culture, hence based on her cultural values and experience she believes that small talks makes the meeting unnecessarily long
Factors that cause a change in price of a product.
Creates an incentice for farmers to grow more corn
C because I did a test that had that question
