Successful man make a donation

Reference no: EM13700183

A successful man make a donation to his Sister for building a new store and upgrading shops, as well as for establishing a store fund. The donation is planned to be spent as follows: $200,000 each year for the first three years, $250,000 each year for the years 4 through 9, and then $300,000 a year indefinitely. If the store places the money into a trust account that pays 10% annually how much money should the man give now?

Reference no: EM13700183

Questions Cloud

Businesss response to product and service quality and safety : What is your assessment of business's response to product and service quality and safety? Have they done enough? What is missing from their approaches?

The comparative advertising wars : When thousands of products and their prices are at stake, does it make sense that comparative advertising at the store level be permitted? Based on what you read and any further research you choose to do, has Wal-Mart competed fairly with its compara..

Should food advertising to children be banned : Should food and beverage advertising to children be banned? What about for other types of products as well? Is it unethical for food companies to target their ads towards children? In a period when most parents are working, how are children to be pro..

Disadvantage of producing inputs within a firm : Which of the following is the primary disadvantage of producing inputs within a firm?

Successful man make a donation : A successful man make a donation to his Sister for building a new store and upgrading shops, as well as for establishing a store fund. The donation is planned to be spent as follows: $200,000 each year for the first three years, $250,000 each year fo..

What are price floors and price ceilings : What are price floors and price ceilings? How could a business maintain its level of profitability if forced to accept price ceilings? Use a business in your response. For example, a coffee shop could ... Please do not use a coffee shop in your examp..

Expected value and standard deviation of profit : Jamie Dixon is the operations manager for Pitt Corp, a real estate investment firm. Jamie must decide if Pitt Corp is going to invest in a strip mall in Oakland. If the strip mall is highly successful, after tax profits will be $100,000 per year.

Consider a new per-worker employment tax on workers : Consider a new per-worker employment tax on workers (where previously there was no tax). Outline the consequences of this tax on the local labor market. Use appropriate, clear, and well-labeled diagrams. In your answer show (1) the burden of the tax ..

Fiscal policy to fight against recession-rising unemployment : Suppose that U.S. government actively uses the fiscal policy to fight against recession and rising unemployment. To incorporate this behavior of government into the model, let’s assume that the government spending equation is given by where 0.

User Account

All Pages