You are a consultant to the local municipality. Your contract provides annual year-end consulting payments of $85,520

Fantastic news! We've Found the answer you've been seeking!

Question:

You are a consultant to the local municipality. Your contract provides annual year-end consulting payments of $85,520 for the next 3 years. Using a discount rate of 8.50% compounded weekly, what is this consulting job worth to you today?

Related Book For answer-question

Public Finance and Public Policy

ISBN: 978-1429278454

4th edition

Authors: Jonathan Gruber

See More Books

Posted Date: May 19, 2024 10:16 PM

See More Questions

A business student has $3,500 available from a summer job and has identified three potential stocks in which to invest. The cost per share and expected return over the next two years are given in the...
Depreciation information for Buckingham Ltd. is given in BE9-4. Assuming the delivery truck was purchased on May 3, 2012, calculate the depreciation expense using the diminishing-balance method for...
Data from an actual clinical trial for the closed-loop artificial pancreas is summarized in the following cumulative histograms, where the percentage of blood glucose measurements below a particular...
The reason for high average total costs when a firm is producing a very small amount of output is the high _________ costs.
Kroger, Safeway Inc., and Winn-Dixie Stores Inc. are three grocery chains in the United States. Inventory management is an important aspect of the grocery retail business. Recent balance sheets for...
If the owner of a beauty parlor compares the costs of different services, like haircuts, blow-outs and highlights is he or she using activity-based costing
carla vista invests 1 0 0 0 0 cash in the business. insurance of 9 0 0 is paid fot the year, supplies of 3 0 0 0 are purchased on account, cash of 8 3 0 0 is recieved for services performed....
A project aims to deliver a 1.5% increase in the local median housing income within 5 years of its end date. The project has a total budget of EUR 4m. This is split into EUR 500k for planning and...
You decide to work part-time at a local supermarket. The job pays $15.50 per hour and you work 22 hours per week. Your employer withholds 10% of your gross pay for federal taxes, 7.65% for FICA...
3. Given: Measured compressive strength of concrete as a function of curing time Curing time (days) Compressive strength of concrete (MPa) 0.1 2 17 4 23 7 26 14 28 21 28 29 30 Find: (a) Using Excel,...
If you receive $585 each 6 months for 1 year and the discount rate is 0.09%, what is the present value? If you receive $236 each month for 12 months and the discount rate is 4.7%, what is the present...
The Miller Family Budget 20%5%20%35%20%Food20%Entertainment5%Utilities20%Savings20%Housing35% Data Percentage Food 0.2 Entertainment 0.05 Utilities 0.2 Savings 0.2 Housing 0.35 If the Milller's spend...
It has been observed that if a frog?s subject to P grams of pressure, then muscle?s response velocity is v cm/s, where Where the constant values are k = 87.9105, a = 14.35 and b = 1.03. It is a fect...
Use the following data to answer the next two (2) questions: Product 1 Product 2 Product 3 Direct Material Cost $25,000 $30,000 $35,000 Direct Labor Cost $30,000 $40,000 $50,000 Direct Labor Hours...
The Irvine Corporation reported the following data at year-end: The following transactions occurred during the year in the following sequence: 1. Declared and distributed a ten percent stock dividend...
The following information is taken from the annual report of The Home Depot, Inc.: Discuss why the Foreign Currency Translation Adjustment account was negative for Home Depot in all three fiscal...
The following information is taken from the annual report of Smith & Sons Inc.: Explain why the net unrealized gain on available-for-sale securities was negative in Year 1. Explain why the account...

You are a consultant to the local municipality. Your contract provides annual year-end consulting payments of $85,520

Question:

Expert Answer:

Public Finance and Public Policy

Students also viewed these finance questions