4 points Save Ans The Securities Exchange Commission has imposed a penalty on insider trading against...

 

Transcribed Image Text:

4 points Save Ans The Securities Exchange Commission has imposed a penalty on insider trading against a publicly traded company. The penalty calls for annual payments of $65,000, $900,000, and $1.2 million respectively over the next three years. The first payment is due one year from today. The government plans to invest these funds and then donate the entire proceeds to a national securities training center. The government will earn 4.75% on their investments. How much will the national securities training center receive three years from today? 4 points Save Ans The Securities Exchange Commission has imposed a penalty on insider trading against a publicly traded company. The penalty calls for annual payments of $65,000, $900,000, and $1.2 million respectively over the next three years. The first payment is due one year from today. The government plans to invest these funds and then donate the entire proceeds to a national securities training center. The government will earn 4.75% on their investments. How much will the national securities training center receive three years from today?

Answer rating: 100% (QA)

Answer Consider the time value of money The penalty payments will be received annually over three ye... View the full answer