gold mine is projected to produce $20,000 during its first year of operation, $19,000 the second year, $18,000 the third year, and so on. If the mine is expected to produce for a total of 10 years, and the effective annual interest rate is 6%, what is its present worth?

What is the most important type of decision that the financial manager makes?

Most angel investors expect a return on investment of question options: 20% to 25% over 5 years. 15% to 20% over 5 years. 75% over 10 years. 100% over 5 years.

An insurance company estimates the probability of an earthquake in the next year to be 0.0015. the average damage done to a house by an earthquake it estimates to be $90,000. if the company offers earthquake insurance for $150, what is company`s expected value of the policy? hint: think, is it profitable for the insurance company or not? will they gain (positive expected value) or lose (negative expected value)? if the expected value is negative, remember to show "-" sign. no "+" sign needed for the positive expected value