You win the lottery and must decide how to take the payout. Use an 8% discount rate for all parts of this question
Required:
a. What is the present value of $12,000 a year received at the end of each of the next six years?
b. What is the present value of taking a $60,000 lump sum now?
c. What is the present value of a $90,000 lump sum taken in 7 years?
a. ($12,000 × 4.623 ) = $55,476
b. $60,000
c. ($90,000 × 0.583 ) = $52,470
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A marketer wanting to determine business buyer behavior is most likely to ask which of the following questions?
A) Are buyers sensitive toward price changes in consumer markets? B) What are the major influences on buyers? C) Are niche markets more profitable than mass markets? D) How do interpersonal factors affect organizational performance? E) Is the role of gatekeepers relevant in the international business environment?
To help evaluate ERP vendors it is often helpful to check the ________ that they provide from previous customers
A) references B) invoices C) processes D) pictures E) none of the above