Trevor Dominguez

Business

27 June, 21:41

A person is to be paid $2000 for work done over a year. three payment options are being considered. option 1 is to pay the $2000 in full now. option 2 is to pay $1000 now and $1000 in a year. option 3 is to pay the full $2000 in a year. assume an annual interest rate of 5% a year, compounded continuously. (a) (2 pts) without doing any calculations, which option is the best option financially for the work

+3

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question 👍 “A person is to be paid $2000 for work done over a year. three payment options are being considered. option 1 is to pay the $2000 in full ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.

Search for Other Answers

You Might be Interested in

Define lifestyle goals

Suppose you borrow $1,000 at an interest rate of 12 percent. if the expected real interest rate is 5 percent, then the rate of inflation over the upcoming year that would be most beneficial to you would be a rate of inflation

The safest action to take if someone claiming to be from your bank calls you to ask for account information is to

Burton corp. is growing quickly. dividends are expected to grow at a rate of 31 percent for the next three years, with the growth rate falling off to a constant 6.1 percent thereafter.

Two loans same interest rate which to pay first

New Questions in Business

What are the order of in which management can take legal action against a employee

What best describes an entrepreneur? a. Someone who initiates and assumes the financial risk of a new business enterprise. b. A person who knows how to evaluate which stocks to purchase. c. Someone who can expertly manage other people's investments.

JRN Enterprises just announced that it plans to cut its dividend from $3.50 to $2.50 per share and use the extra funds to expand its operations.

Sykora, Inc., which uses a predetermined overhead rate based on direct labor hours, estimated total overhead for the year to be $12,000,000 and total direct labor hours to be 320,000 hours. Calculate Sykora's predetermined overhead rate.

Appalachian mountain goods has paid increasing dividends of $.10, $.12, $.15, and $.20 a share over the past four years, respectively.