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sdas [7]
2 years ago
9

In 1626, Dutchman Peter Minuit purchased Manhattan Island from a local Native American tribe. Historians estimate that the price

he paid for the island was about $24 worth of goods, including beads, trinkets, cloth, kettles, and axe heads. Many people find it laughable that Manhattan Island would be sold for $24, but you need to consider the future value (FV) of that price in more current times. If the $24 purchase price could have been invested at a 6% annual interest rate, what is its value as of 2018 (392 years later)?
Business
1 answer:
nalin [4]2 years ago
6 0

Answer:

$199,576,970,307.56

Explanation:

Given:

Price paid for the island = $24

Annual interest rate, r = 6%

Duration, n = 392 years

Now,

Future value is given as:

Future value = Present value × ( 1 + r )ⁿ

on substituting the respective values, we get

Future value = $24 × ( 1 + 0.06 )³⁹²

or

Future value = $24 × 8315707096.148

or

Future value = $199,576,970,307.56

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Answer:

Logistics

Explanation:

Logistics is the process of managing the movement of merchandise or resources from their point of origin to the intended consumer.  Logistics in an organization is the management of mobility and storage activities undertaken by the company. Logistics management will involve the identification of distributors and suppliers of the company's products.

Poor logistics will hurt business performance. If the company's products are not available for consumers to buy,  low sales will be realized. An inefficient logistics system will make company products expensive.  As a result,  the company's goods becomes uncompetitive in the market.

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For each of the following three scenarios, would you rather: a. Receive $100 in one month or $100 in two months (most people pre
Kryger [21]

Answer:

I would Like to receive $100 in one month rather in two months.

I would like to take to take dinner in one month rather in two months.

Explanation:

Time value of money money describes that the amount now in hand is worth more rather having it after some time. All the money have potential earning capacity and it earn with the passage of time as time gone the earning will also lost. That is why it is better to receive money in one month rather in two months and have dinner in one month rather in two months.

8 0
2 years ago
Bill Mitselfik has purchased a bond that was issued by Acme Chemical. This bond has a face value of ​$1 comma 000 and pays a div
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Answer:

The correct answer is $1,114.64

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According to the scenario, the given data are as follows:

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Face value (PV) = $1,000

payment (pmt) = $1,000 × 4%/2 = $20

We can calculate the FV by using financial calculator,

The attachment is attached below.

So, the Price = $1,114.64

8 0
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You've worked out a line of credit arrangement that allows you to borrow up to $40 million at any time. the interest rate is .56
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Answer:

The answer is: D) global competition

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This is the perfect example of global competition, where huge multinational corporations compete with each other for local markets.

For example, Coca Cola and Pepsi both sponsor different sports competitions, sometimes they even sponsor competing teams in the same championships.

They are present virtually everywhere and probably every single child in the world can recognize a Coke bottle.

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