You win the lottery and must decide how to take the payout. use an 8% discount rate. what is the present value of $10,000 a year received at the end of each of the next nine years? $45,000

Answers

Answer 1
For compounding interest, there is a formula relating the present worth (P) with the annuity (A). This is shown in the picture. The 'i' is the effective interest rate while n is the time. You should make sure that you are consistent with the units. If your time is in terms of years, your interest should be in terms of percent per year compounded yearly. Moreover, your annuity should be per yearly basis. In this case, it is already consistent so we don't need to convert. Substituting the values,

P = 10,000[(1.08^9-1)/(0.08*1.08^9)]
P = $62,468.88
You Win The Lottery And Must Decide How To Take The Payout. Use An 8% Discount Rate. What Is The Present

Related Questions

What is the best way to judge the cooking and holding temperatures of food?

Answers

The best way to judge the cooking and the holding temperature of food is to use a food thermometer. Thermometers are devices that are used to measure temperature of objects. Specifically, food thermometers are for food use. They are designed for cooking or just checking the temperature of food products. There are two general types of thermometers namely analog and the digital thermometer. The difference between the two is on the way how temperature are read. For analog, temperature is read manually by a dial or by graduation markings. For digital, the temperature can be obtained directly since the value is written directly on a screen.

In a given year, US exports were $5 billion and imports were $16 billion. What was the US trade deficit or trade surplus that year?

Answers

First, we will calculate the net trade balance:
net trade balance = exports - imports = $5 billion - $16 billion = $-11 billions

Then, we will decide whether this is trade deficit or trade surplus. A trade surplus is when the value of exports is more than that of imports while a trade deficit is when value of imports is more.
From the mentioned values, it is clear that the US suffered from a trade deficit this year.
Value of trade deficit = $11 billion.

​__________ refers to the division of the economy into two areas of employment: a primary sector or upper tier, composed of higher-paid (usually dominant-group) workers in more secure jobs, and a secondary sector or lower tier, composed of lower-paid (often subordinate-group) workers in jobs with little security and hazardous working conditions.

Answers

The answer is Split Labor Market Theory. This was proposed by humanist Edna Bonacich in the mid 1970s as an endeavor to clarify racial/ethnic strains and work showcase division by race/ethnicity as far as social structure and political power as opposed to singular level preference.

How to access your federal reserve account?

Answers

The federal reserve account is the central bank of the United States of America. It is an independent bank in a sense that it does not need the approval of the President or any government authority to forego with their daily transactions. Only institutions have accounts in the federal reserves like commercial banks. An individual cannot access one.

A __________ is a nuclear family that emerged in response to the requirements of an urban, industrial society and the shift away from an agrarian economy.

Answers

MODERN FAMILY is a nuclear family that emerged in response to the requirements of an urban

How does the existence of substitutes affect the price elasticity of demand?

Answers

The price elasticity of demand (PED) is a calculation of how much the measure demanded changes with a change in price. When there is accessibility of substitute goods, the more probable substitutes there are for a given good or service, the greater the elasticity. When some close substitutes are accessible or available, consumers can easily change from one good to another even if there is only a small change in price. On the other hand, if no substitutes are available, demand for a good is more likely to be inelastic.
Final answer:

The existence of substitutes affects the price elasticity of demand by making it more elastic. Consumers have the option to choose alternative products instead of paying higher prices, leading to a larger change in the quantity demanded. The availability of substitutes influences how responsive consumers are to changes in price.

Explanation:

The existence of substitutes affects the price elasticity of demand. When there are close substitutes available for a product, the demand becomes more elastic. This means that consumers have the option to choose an alternative product instead of paying a higher price. As a result, a small price change can lead to a larger change in the quantity demanded.

For example, if the price of brand A soda increases, consumers may choose to buy brand B soda instead, as they are close substitutes. This shift in demand from brand A to brand B shows the price elasticity of demand for soda. Therefore, the availability of substitutes influences how responsive consumers are to changes in price.

Assuming a speed limit is 105 km/hr, what is this in miles per hour? A. 55.247 mph B. 50.247 mph C. 60.247 mph D. 65.247 mph

Answers

In the question we are given 105 km/hr
One mile = 1.60934 km
105/1.60934 = 65.244.
Thus, 105 kilometer = 65.24 mile.
The correct option is D.

What action should you take if you fail to receive the renewal notice card reminding you that your driver license is about to expire?

Answers

The response to the given scenario above is that whether there is no renewal notice or you didn't receive any, it is best to renew the driver license without it. It is because the renewal notice is not a requirement in renewing your license when the individual already has the knowledge that it is about to expire. 

How do price ceilings and price floors restrict the free exchange of prices?

Answers

Price ceilings are the limit of the prices to go high above the given ceiling while the price floor limit the prices to go below the given amount. The two restrict the free exchange of prices by putting a range of prices allowable only for a certain product. The prices are already limited between the price floor and the price ceiling.

A(n) ________ cost is a cost whose total amount changes in direct proportion to a change in volume.
a. fixed
b. irrelevant
c. variable
d. mixed

Answers

A C. variable cost cost is a cost whose total amount changes in direct proportion to a change in volume.
If something varies, it means that it changes - and in this case, the cost changes with regards to a change in volume. This means that the cost isn't constant, but rather fluctuates based on other changes too.

To balance columns, a _____ is inserted at the end of the text on a page.

Answers

Salutations!

To balance columns, a _____ is inserted at the end of the text on a page.

To balance columns, a continuous section break is inserted at the end of the text on a page.

Hope I helped!
Final answer:

In document formatting, to balance columns, a column break is inserted at the end of the text on a page. This allows the text within the columns to line up smoothly and flow evenly across the page.

Explanation:

In order to balance columns in document formatting, a column break is usually inserted at the end of the text on a page. Column breaks can make columns of text line up smoothly along the bottom. This way, you ensure that your columns are balanced and the text flows evenly across the page. For instance, in a Microsoft Word document, you can insert a column break by choosing the 'Breaks' option and then 'Column Break' from the 'Page Layout' tab.

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In two or three sentences, explain how a monopolist chooses a price

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A monopolist desires to produce less goods while earning maximizing profit. However, if the marginal revenue of the goods are in decrease (less goods of demand), the monopolist must higher the demand by lowering the price for customers to buy the goods. Thus, the marginal revenue increases- goods demanded, lower prices of goods-for a lot of customer demands, produces more goods- due to customer increase of demand and lower price of goods. At the end of day, the monopolist makes maximizing profit..

Operational-level manufacturing systems deal with the firm's long-term manufacturing goals, such as where to locate a new plant.
a. True
b. False

Answers

I believe the answer is False. Operational-level systems deal with the equipment that manufactures the product, not where the product is manufactured. The upper-level CO'S
& business coordinators deal with location.

The​ ________ measures the variation in the dependent variable that is explained by variables other than the independent variable in simple regression analysis.

Answers

The ​SSE measures the variation in the dependent variable that is explained by variables other than the independent variable in simple regression analysis.

SSE stands for Sum of Squares Error. There is a straight line that fits an ordered pair series (x,y), simple regression analysis allows us to describe that straight line.

The coefficient of determination, R², and partial correlation coefficient values explain the percentage of variation in the dependent variable that can be accounted for by the independent variable and other factors, respectively.

R², when expressed as a percent, represents the percentage of variation in the dependent (predicted) variable y that can be explained by variation in the independent (explanatory) variable x using the regression (best-fit) line.

The testing of the regression equation partitions the total sum of squares using the total coefficient of determination, R². Note that this is not the same as the square of total correlation.

Partial correlation coefficient values are the additional variability in the response variable that can be explained by an independent variable, such as that by X₁, after the variability of another independent variable, such as X2, alone has been accounted for.

When checking ids to identify minors, how can laser engraving used on the new british columbia driver's licenses and identification cards help?

Answers

The new Columbia driver's licence has latest security features that prevent fraud and identity theft. The laser engraving on the driver's licence is perceptible by touch and can be examined by touch to determine its authenticity. 

Answer:

It´s easier to spot the fake id´s.

Explanation:

With the new technology of laser engraving that has security measures to be harder or even impossible to clone, fake id´s are easier to spot, this can be used to easily spot minors that are using fake id´s to buy alcohol or to drive.

1. Everyone has the same amount of risk. True False

Answers

False. Different jobs pose different amount of risk. A teacher's job is way less riskier than that of a soldier's.
Most definitely False

What is the time frame for reporting an accident with the kansas department of wildlife and parks if property damage exceeds $2,000?

Answers

The Kansas Department of Wildlife and Parks requires immediate reporting of accidents if property damage exceeds $2,000.

The time frame for reporting an accident with the Kansas Department of Wildlife and Parks if property damage exceeds $2,000 is **immediately** or **as soon as possible** after the incident. It is crucial to report accidents promptly to comply with legal requirements and facilitate insurance claims processing. Failing to report timely can lead to complications in determining liability for damages.

A client/server network is an example of ________ administration

Answers

A client/server network is an example of Central administration
In computer network, a central administration refers to something that enabled several computers to be connected under a single medium.
An example of The real life implication of a client/server net work is the system that we use for online multiplayer gaming
Final answer:

A client/server network is a model of centralized administration where a central server provides services to client machines, and all control and security measures are maintained centrally by the server.

Explanation:

In a client/server network model, a central server provides services or resources to client machines in the network, such as sharing files, applications, and internet access. The server is typically managed and maintained by IT professionals and all the network settings, protocols, and security measures are mostly controlled at this central point.

This form of network organization is centralized because one machine (the server) has control over the others (the clients). Control over data and applications is held centrally, which helps in the management of access rights and also in maintaining the system's security. Therefore, the overall administration is easier as compared to decentralized systems.

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Which mode can students use to ensure that their information is not saved in their chrome browser when they are done in the computer lab each day? (one word)?

Answers

Incognito mode opens another window where you can peruse the Internet in private without Chrome sparing the destinations you visit. You can switch between an Incognito window and any normal Chrome perusing windows you have open. You'll just be in Incognito mode when you're utilizing the Incognito window.

What is the amount of money that the policy holder must pay before the insurance company will reimburse an insured loss?

Deductible
Rider
Premium
Exclusion

Answers

The policy holder must pay deductible.

the answer to your question is deductible

_____ includes any symbol, made with the intent to authenticate a writing.
a. seal
b. informal note
c. mark
d. signature

Answers

Signature includes any symbol, made with the intent to authenticate a writing. The confirmation that a signature on a document belongs to the person who has signed it is called signature authentication. There is also electronic signature authentication in order computer users to prove their identity.  E-mail, SMS, and knowledge based questions are examples of electronic signatures. 

Linda owns a bakery and wants to hire bill, a web-page developer, to create a new site for her company. linda does not need bill on staff permanently. bill would be considered a(n) ________

Answers

Linda owns a bakery and wants to hire bill, a web-page developer, to create a new site for her company. Linda does not need bill on staff permanently. bill would be considered an independent contractor. The web-page developer is self-employed who controls his own employment circumstances, including when and how work is done.Doctors, dentists,lawyers, freelancers are also examples of independent contractors. 

What do quotation marks mean in facebook activity log?

Answers

Quotation marks in Facebook activity log refer to your searches - so you searched a group or a person on Facebook, and that search is stored in your activity log. It stores both the things that you started typing, but didn't search in the end, and the things you did search. You can delete this if you want - just click the 'clear searches' button at the top.

What is a reasonable wattage capacity for a power supply to be used with a system that contains a dvd drive, three hard drives, and a high-end video card?

Answers

A reasonable wattage capacity for a power supply to be used with a system that contains a dvd drive, three hard drives, and a high-end video card is 700 watts.

Wattage capacity is according to the components present in the system. The wattage capacity for a power supply is determined by adding up all the wattages and then add 30%.

Final answer:

A power supply for a system with a DVD drive, three hard drives, and a high-end video card should have a minimum wattage capacity of 600W to 1000W. This is based on the general power requirements of these components and allows for some additional power for other smaller components and future upgrades.

Explanation:

In order to specify a reasonable wattage capacity for a power supply in a system that contains a dvd drive, three hard drives, and a high-end video card, you would first need to consider the power requirements of each of these components. Generally, a DVD drive consumes around 15-30W, each hard drive might require 15-25W and a high-end video card can range from 200-500W. Considering these power requirements and adding some spare for other smaller components and future upgrades, you should look for a power supply with a wattage capacity of at least 600W to 1000W. However, these are just estimates and the actual power requirements could be higher or lower based on the specific models of the components.

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If the average variable cost of producing 5 costumes in kira’s costume shop is $50, and the fixed cost of the shop is $100. what is the total cost for 5 costumes?

Answers

The given average variable cost = $50
Total variable cost = Average variable cost * Number of unit = $50 * 5 = $250
Fixed cost = $100
Total cost  [TC] = Total fixed cost + Total variable cost
TC = $100 + $ 250 = $350.
The total cost for 5 costumes = $350.
Final answer:

The total cost for producing 5 costumes in Kira's costume shop is $350, which is the sum of fixed costs ($100) and variable costs ($250).

Explanation:

The total cost of producing goods is the sum of the fixed costs and the variable costs. In this case, for Kira's costume shop, we need to multiply the average variable cost ($50) per costume by the quantity of costumes produced (5 costumes) to get $250. Then, this total variable cost should be added to the fixed cost, which is $100.

So, the total cost for producing 5 costumes becomes: Variable Cost ($250) + Fixed Cost ($100) = $350

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What is the first step in creating a cash flow statement?

Answers

The first step is to calculate income. 

Record your income.

Let me know how it goes!

Oleksiy is an adjunct professor in the department of fine arts. he applied for a full-time job recently, which he did not get. he tries to put this situation in a positive light, reminding himself that he will have more time to produce artwork if he is not working a full-time job. he also reminds himself that some of his friends from grad school can’t find work related to art in any way. which type of coping approach is oleksiy using?

Answers

The coping approach that Oleksiy is using is called EMOTION FOCUSED. 
Emotion focused coping involves making efforts to cope with the stress or the challenge one is passing through by reminding oneself that one is still luckier compare to others. This is called positive comparison. Emotion method of coping also include distancing oneself from the challenge or minimizing the problem.
Final answer:

Oleksiy is using a coping strategy known as positive reinterpretation. He reframes the disappointing situation in a positive light, focusing on the potential benefits of his current situation and comparing it favorably to others.

Explanation:

Oleksiy is using a coping strategy known as positive reinterpretation. This approach involves reframing a negative experience in a way that helps to perceive it in a more positive light. In this context, instead of focusing on his disappointment of not getting a full-time job, Oleksiy practices positive reinterpretation by highlighting the benefits of his current situation such as having more time to create art and comparing his situation favorably to his fellow graduates who are unable to find work in their field of specialization. Just like the example of Chris, who also utilizes coping strategies by pursuing his intellectual interests on the side despite working blue-collar jobs, Oleksiy is using this coping mechanism to deal with his situation.

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Which u.s. president said in an annual message to congress, “today, more than ever before, american capital is seeking investment in foreign countries, and american products are more and more generally seeking foreign markets?”?

Answers

William Howard Taft. He evinced some political goals, clowning that in the event that he at any point made it to Washington, it would be on the grounds that his significant other was secretary of the treasury, yet he had dependably said his long lasting dream was to sit on the Supreme Court. Nellie, be that as it may, who had gone to the Hayes White House with her family as a kid, communicated an unmistakable fascination in living there.

As it pertains to the diffusion of innovation, if the __________ group is relatively small, the number of people who ultimately adopt the innovation likely will also be small.

Answers

As it pertains to the diffusion of innovation, if the Early adopters 
group is relatively small, the number of people who ultimately adopt the innovation likely will also be small.
Early adopters refers to a group of people that start to use our product as soon as it available. The more early adopters we have, the easier it is for us to take the market share because of the mouth-to mouth advertising.

For those who are injured in alcohol-related crashes, we all pay for the cost of their rehabilitation.

Answers

The statement above is TRUE. For those who are injured in alcohol related crashes, we all pay for the cost of their rehabilitation either directly or indirectly. It is direct when we pay their hospital bills, it is indirect when their hospital bills has to be paid through public assistance because they are financially unable to pay for the hospital's services. This apply to other areas in which the public has to take care of those people involved in alcohol related accidents. 
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