After hearing a knock at your front door, you are surprised to see the prize patrol from a large, well-known magazine subscription company. it has arrived with the good news that you are the big winner, having won $28 million. you have three options. (a) receive $1.4 million per year for the next 20 years. (b) have $10 million today. (c) have $4 million today and receive $1,100,000 for each of the next 20 years. your financial adviser tells you that it is reasonable to expect to earn 14 percent on investments..calculate the present value of each option. (future value of $1, present value of $1, future value annuity of $1, present value annuity of $1.) (use appropriate factor(s) from the tables provided. enter your answers in dollars but not in millions.)
determine which option you prefer. option boption aoption c
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Factors like the unemployment rate, the stock market, global trade, economic policy, and the economic situation of other countries have no influence on the financial status of individuals. ( t or f)
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Business, 22.06.2019 20:10
Given the following information, calculate the savings ratio: liabilities = $25,000 liquid assets = $5,000 monthly credit payments = $800 monthly savings = $760 net worth = $75,000 current liabilities = $2,000 take-home pay = $2,300 gross income = $3,500 monthly expenses = $2,050 multiple choice 2.40% 3.06% 34.78% 33.79% 21.71%
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Business, 23.06.2019 00:10
Warren company plans to depreciate a new building using the double declining-balance depreciation method. the building cost $870,000. the estimated residual value of the building is $57,000 and it has an expected useful life of 20 years. assuming the first year's depreciation expense was recorded properly, what would be the amount of depreciation expense for the second year?
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