You are starting an Internet marketing and data mining company. What types of software can you anticipate needing, and what will these types of software be used for?
What will be an ideal response?
I anticipate needing:
• Operating system software for computers to run.
• Word processing software for communications.
• Spreadsheet software for modeling data.
• Data management software to combine data downloaded/mined from different sources.
• Presentation graphics and desktop publishing software for marketing reports.
• Email, web-browsers for daily communication and research.
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In a closing statement, the term "recurring costs" refers to:
A. title insurance B. costs common to all escrows C. deed transfer taxes D. impound items
Your family recently won the $10,000,000 lottery and chose to accept the annual payout plan of $500,000 today plus 19 more year-end cash flows of $500,000. If you discount these cash flows at an annual rate of 8.0%, what is their present value?
What will be an ideal response?