Your aunt would like to share some of her fortune with you. She offers to give you
Question:
1. $ 8,550 a year at the end of each of the next eight years
2. $ 50,250 (lump sum) now
3. $ 99,350 (lump sum) eight years from now
Calculate the present value of each scenario using a 8% interest rate. Which scenario yields the highest present value? Would your preference change if you used a 12% interest rate?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 61% (13 reviews)
Using an 8 interest rate the present values are Scenario 1 Present value ...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
Your grandmother would like to share some of her fortune with you. She offers to give you money under one of the following scenarios (you get to choose): 1. $7,000 a year at the end of each of the...
-
Your grandmother would like to share some of her fortune with you. She offers to give you money under one of the following scenarios (you get to choose): 1. $8,750 a year at the end of each of the...
-
Your grandfather would like to share some of his fortune with you. He offers to give you money under one of the following scenarios (you get to choose): 1. $8,750 a year at the end of each of the...
-
(a) Find the acceleration at time t = 5 min of a helicopter whose height is s(t) = 300t 4t 3 m. (b) Plot the acceleration s" for 0 t 6. How does this graph show that the helicopter is slowing down...
-
Find the mean , variance 2, and standard deviation for the given values of n and p. Assume the binomial conditions are satisfied in each case. n = 150, p = 0.4
-
A random sample of 195 students was selected from the United Kingdom using the Census At School data selector. The age x (in years) and height y (in centimeters) were recorded for each student. Here...
-
True or false: If data lead to a conclusion with statistical significance, then the results also have practical significance.
-
The National Bank of Warwick is concerned with complaints from customers about its drive-through window operation. Customers complain that it sometimes takes too long to be served and since there are...
-
Write the set of real numbers in interval notation. {x | 0 < x < 1}
-
I thought lean production was supposed to make us more efficient commented Ben Carrick, manufacturing vice president of Vorelli Industries. But just look at Junes manufacturing variances for Zets....
-
Suppose Arpegio Products is deciding whether to invest in a DVD- HD project. The payback period for the $ 8 million investment is four years, and the projects expected life is seven years. What equal...
-
Assume that you make the following investments: a. You invest a lump sum of $ 8,750 for five years at 12% interest. What is the investments value at the end of five years? b. In a different account...
-
Suppose we are allowed to observe a random process Z (t) at two points in time, t0 and t2. Based on those observations we would like to estimate Z (t) at time t = t1 where t0 < t1 < t2. We can view...
-
You are the head of HR at a hospital faced with a rapidly changing environment. Both the hospital and the employees are expected to be highly flexible - gone are the days when one employee would stay...
-
The role of human resources has been divided between myself and my two business partners over the years. In 2017, we started retaining the help of a fractional HR professional on an annual basis...
-
Why is it a good idea to choose seniors as your target market for a fitness facility with a pool? What are the benefits of exploiting this target market for the business, and how would it benefit...
-
By focusing on the strategic value that technology has brought to HR and the business. As a result, HR is a strategic partner in companies How, specifically, has technology created this strategic...
-
Provide the content of BOOSTER JUICE FOR PPT IN BULLET POINT 1. COMPANY OVERVIEW 2. VISSION/ MISSION 3.FINANCIALS 4.VIRAL INCIDENTS 5.SERVICE GAPS 6. CHALLENGES
-
Calculate the stagnation temperature for air flowing at 200C and 1.5 atm if the velocity is 0.9 of the sonic velocity.
-
Is that Yelp review real or fake? The article A Framework for Fake Review Detection in Online Consumer Electronics Retailers (Information Processing and Management 2019: 12341244) tested five...
-
Fill in the blanks to make the following statements correct. a. An important aspect of Neoclassical growth theory is that increases in the supply of one factor, all else held constant, imply...
-
Silver Company makes a product that is very popular as a Mothers Day gift. Thus, peak sales occur in May of each year, ad shown in the companys sales budget for the second quarter given below: From...
-
Silver Company makes a product that is very popular as a Mothers Day gift. Thus, peak sales occur in May of each year, ad shown in the companys sales budget for the second quarter given below: From...
-
Down Under Products, Ltd., of Australia has budgeted sales of its popular boomerang for the next four months as follows: The company is now in the process of preparing a production budget for the...
-
What does Rafe represent to Elsa on the night they meet? Is it simply sex and loneliness? Or do you think there's something deeper involved? Another small defiance against her parents'...
-
Do all 6 questions. Each question is worth 10 marks, for a total of 60 available marks. The test is worth 40% of your course grade Question 1 ( 10 marks total) Elasticity, Competition versus...
-
Plant-based meat alternatives are on the rise as consumers become more health and environmentally conscious. Using the demand and supply analysis, how does this trend impact the meat industry in the...
Study smarter with the SolutionInn App