Calculate the upfront amount

Assignment Help Business Management
Reference no: EM131973011

Amanda won a lottery that would pay her $5,000 in a year and $10,000 in two years. If the lottery company had another option where she could get an upfront amount now and another $7,000 in one year, calculate the upfront amount that she would receive now from the second option, assuming that money is worth 2% compounded semi-annually.

Reference no: EM131973011

Questions Cloud

Write a summary of the revolutionary new science of exercise : Write a summary of the book Ratey, JJ. Spark: The revolutionary new science of exercise and the brain. Little Brown, New York. 2008.
Determine by how much should the money supply increase : The Federal Reserve has decided to use open market operations by purchasing $510 million worth of Treasury securities.
Why might jit inventory management approaches : Why might JIT inventory management approaches not be sustainable from an environmental perspective?
Why is consumer confidence important : The Fed has become significantly more transparent in the past few decades than when it was first created. Why have they become more transparent?
Calculate the upfront amount : Calculate the upfront amount that she would receive now from the second option, assuming that money is worth 2% compounded semi-annually.
Write a short report about an emerging technology : Research and write a short, 1-2 page report about an emerging technology under development that is centered on the non-destructive inspection of aircraft.
Write out equation to solve for yield to maturity for bond : Write out the equation to solve for yield to maturity for this bond on the date of issue and then solve for the yield to maturity.
Federal government employees the right to join unions : Which piece of legislation permitted for the first time federal government employees the right to join unions?
What key partnerships need to be developed : How can youth become involved in the community policing strategies utilized in the Anonymous Community to address violence, crime, and vandalism in schools

Reviews

Write a Review

Business Management Questions & Answers

  Benefit from a good onboarding program

Additional Information: The warehouse personnel will benefit from a good onboarding program, which includes orientation training. The board of directors and vice president (VP) of human resources would like to review your plan for onboarding thes..

  Distributors of back belts and list ten benefits

Search the Internet to find five distributors of back belts and list ten benefits they claim for these products. (Submit up to a page and the links to your sources).

  What is meant by empowerment of employees

What is meant by empowerment of employees? How does it differ from delegation of authority?

  Is change finally happening at general motors

From one of the most recognizable brands with dominant market share, to the dire straits of bankruptcy and reorganization, General Motors seems to have experienced both extreme highs and lows. Recent performance seems to have indicated that the or..

  What is the estimated profit or loss per customer

What is the estimated profit or loss per customer to Gillette in year 1? (b) Using the concept of lifetime customer value, does it or does it not make sense to introduce this new shaving system? (c) Demonstrate why or why not by calculating ..

  Maintaining long term professional relationships

Prepare a letter to the supplier's president. Consider the elements above in the letter. Your letter should contain the Current issue and Your suggestion for solving this issue.

  Training and development of employee help with conflicts

How does training and development of employee's help with conflicts? What type of training and development can be completed?

  Management on organizational strategy

What isthe impact of good portfolio management on organizational strategy?

  Eliminate flabby expressions

Revise the following sentence to eliminate flabby expressions. In very few cases has it been advisable for us to borrow money for a period of 90 or fewer day.

  Interaction design that benefits the user

To remain competitive, designers are focused on getting a new product to market as quickly as possible.

  Prepare a draft proposal of an employee relations strategy

Review the Safety Traffic Co. simulated business information provided by your assessor. Prepare a draft proposal of an employee relations strategy. For your draft proposal, you need to do the following: Identify and describe three long-term employee ..

  What single amount

You owe $4510 in 7 months, $3780 in 13 months and $5125 in 21 months. You are paying 8.64% compounded monthly on your loan. What single amount 3 months from now will pay off the entire loan of the 3 future payments?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd