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Author Question: You own a healthcare business and signed a one-year contract with a celebrity for $600,000. The day ... (Read 459 times)

Gabby

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on: Nov 23, 2022

Question 1

Interest and Future Value

Suppose you put $4,700 in a bank account that earns 14 percent interest compounded annually. What will your balance be after 10 years?
Please round your final answer to two decimal places.
◦ $4,701.99
◦ $0.00
◦ $3,357.14
◦ $17,423.94

Question 2

You own a healthcare business and signed a one-year contract with a celebrity for $600,000. The day after you signed the contract, however, you discovered the celebrity follows a generally unhealthy lifestyle that would reflect badly on your business. The celebrity agreed to cancel if you either paid them a lump-sum for the entire amount of the contract today or paid them $120,000 for the next 5 years, starting today. Which option would you choose? How much does that option cost in today's dollars (assuming the interest rate is 1%)?
Please round your final answer to two decimal places.
◦ Lump-sum payment, $576,588.21
◦ Lump-sum payment, $600,000.00
◦ Equal payments, $588,235.87
◦ Equal payments, $600,000.00
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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Marked as best answer by Gabby on Nov 23, 2022

ludadtpb

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Reply #1 on: Nov 23, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Gabby

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Reply 2 on: Nov 23, 2022
Thanks for the timely response, appreciate it

chereeb

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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