answer.
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
hodyreva [135]
2 years ago
14

You have just received notification that you have won the $1.25 million first prize in the Centennial Lottery. However, the priz

e will be awarded on your 100th birthday, 79 years from now. The appropriate discount rate is 6.4 percent. What is the present value of your winnings
Business
1 answer:
MrRa [10]2 years ago
5 0

Answer:

$9,300.82

Explanation:

The formula for calculating present value:

P = FV (1 + r)^-n

FV = Future value = $1.25 million

P = Present value

R = interest rate = 6.4 percent.

N = number of years = 79

1.25 (1.064)^-79 = $9,300.82

I hope my answer helps you

You might be interested in
Last Chance Mine (LCM) purchased a coal deposit for $750,000. It estimated it would extract 12,000 tons of coal from the deposit
Verdich [7]

Answer and Explanation:

The computation of LCM's cost depletion for years 1, 2, and 3 is shown below:

Particulars          Year 1                 Year 2                  Year 3          

Tons extracted  2,000                  7,200                   3,800                (A)

Depletion rate   $62.50                $62.50                 $62.50             (B)

Depletion          $125,000             $450,000            $237,500       (A × B)

By multiplying the tons extracted with the depletion rate we can get the depletion for each year i.e for year 1, year 2 and year 3

7 0
2 years ago
Henry is demonstrating his gross motor skills when he picks up cheerios from his high-chair tray.
mafiozo [28]
<span>This is incorrect. Henry is actually demonstrating fine motor skills. Gross motor skills are those skills that pertain to large movements like walking, balance, jumping, etc. Fine motor skills are those that pertain to fine manipulation like writing, picking up small objects (like the cheerrios), or tying a knot.</span>
8 0
2 years ago
In most states, a licensee must provide a(n) _______ of any existing agency relationships to all parties _________ to whom they
wariber [46]

Answer:

The correct answer is letter "A": written disclosure, at first substantive contact.

Explanation:

In Real Estate, licensees must provide a written disclosure to potential buyers or sellers at first substantive contact, meaning for the very first time they get in touch with each other. This can happen also before entering into a listing agreement or showing up to the property. This rule applies in most states across the U.S.

4 0
2 years ago
Summer Dean was walking through the mall and found a gym bag lying on the ground. The decision Dean must make as to whether to k
suter [353]

Answer:

Ethics

Explanation:

Ethics also called moral philosophy involves how an individual systemises, defends and recommends the concept of right or wrong.

Summer is facing an ethical decision of either returning the bag or keeping it for herself. Her decision will be based on her definition of right or wrong.

If her moral philosophy is one that does not see theft as something that is wrong, she will decide to keep the bag. If on the other hand she sees keeping the bag that is not her own as wrong she will decide to return it.

6 0
2 years ago
The question, "What are the distinguishing characteristics of effective leaders?" sparked which approach to the study of leaders
Sergio [31]

Answer:

behavioral approach to the study of leadership

Explanation:

In simple words, The behavioral approach is only concerned with what managers do and what they behave. The behavioral approach broadened the science of leadership to encompass the activities of leaders toward followers in diverse settings by moving the study of leadership to leader behaviors. Monitoring and analyzing a leader's movements and behaviors in response to a given circumstance is central to behavioral leadership theory.

7 0
2 years ago
Other questions:
  • In terms of explaining the probability of assignment to trial arms in consent forms, which is true?
    12·1 answer
  • The major disadvantage of content analysis as a method is
    13·1 answer
  • When looking at the statistics and opportunities available to college graduates you see that college graduates
    12·2 answers
  • Mario's, a pizza and pasta​ producer, experiences increasing opportunity cost. draw a production possibilities frontier for​ mar
    8·1 answer
  • Imagine that Stella deposits $25,000 in currency (which she had been storing in her closet) into her checking account at the ban
    8·1 answer
  • Discuss the effects that an impending labor shortage might have on the following three sub-functions of human resource managemen
    9·1 answer
  • The journal entry to issue $ 600 of direct materials and $ 40 of indirect materials to production involves​ debit(s) to the​ ___
    11·1 answer
  • Jared told his boss, Maggie, that he is going to start training for the upcoming marathon to be healthier and to have more energ
    14·1 answer
  • Discuss what the following statement means: ‘It can take years for a buyer/seller partnership to begin delivering results.’ 2. D
    11·1 answer
  • "Bill and Ted form a partnership with cash contributions of $40,000 each. Bill is a limited partner. Under the partnership agree
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!