Question 17 You are serving on a jury. A plaintiff is suing the city for injuries sustained after a freak street-sweeper accident. In the trial, doctors testified that it will be five years befor The present value of five years' future salary, You assume the salary will be$60,000per year for the first three years and$72,000per year thereafter.$190,000for pain and sutfering.$35,000tor court costs. Assume the salary payments are equal amounts paid at the end of each month. If the interett rate you choove is an APR of 9 percent, what is the size of the sertlement? Pease round your onwer to four decinal ploces Question 17You are serving on a jury. A plaintiff is suing the city for injuries sustained after a freak street-sweeper accident. In the trial, doctors testified that it will be five years beforeThe present value of five years' future salary. You assume the salary will be $60,000 per year for the first three years and $72,000 per year thereafter.$190,000 for pain and suffering.$35,000 for court costs.Assume the salary payments are equal amounts paid at the end of each month.If the interest rate you choose is an APR of 9 percent, what is the size of the settlement?Please round your answer to four decimal places

The time value of money (TVM) is a concept that states that the worth of the money in hand today is…

You are serving on a jury. A plaintiff is suing the city for injuries sustained after a freak street-sweeper accident. In the trial, doctors testified that it will be five years befor The present value of five years' future salary. You assume the salary will be $60,000 per year for the first three years and $72,000 per year thereafter. $190,000 for pain and suffering $35,000 for court costs. Assume the salary payments are equal amounts paid at the end of each month. If the interest rate you choose is an APR of 9 percent, what is the size of the settlement? Please round your answer to four decimal places

You are serving on a jury. A plaintiff is suing the city for injuries sustained after a freak street-sweeper accident. In the trial, doctors testified that it will be five years befor The present value of five years' future salary. You assume the salary will be $60,000 per year for the first three years and $72,000 per year thereafter. $190,000 for pain and suffering $35,000 for court costs. Assume the salary payments are equal amounts paid at the end of each month. If the interest rate you choose is an APR of 9 percent, what is the size of the settlement? Please round your answer to four decimal places

SWFT Comprehensive Vol 2020

43rd Edition

ISBN:9780357391723

Author:Maloney

Publisher:Maloney

Chapter8: Depreciation, Cost Recovery, Amortization, And Depletion

Section: Chapter Questions

Problem 50P

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les You are serving on a jury. A plaintiff is suing the city for injuries sustained after a freak street-sweeper accident. In the trial, doctors testified that it will be five years before the plaintiff is able to return to work. The jury has already decided in favor of the plaintiff. You are the foreperson of the jury and propose that the jury give the plaintiff an award to cover the following: (a) The present value of two years' back pay. The plaintiff's annual salary for the last two years would have been $53,000 and $56,000, respectively. (b) The present value of five years' future salary. You assume the salary will be $59,000 per year. (c) $180,000 for pain and suffering. (d) $25,000 for court costs. Assume the salary payments are equal amounts paid at the end of each month. If the interest rate you choose is an EAR of 11 percent, what is the size of the settlement? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Award If you…
You are serving on a jury. A plaintiff is suing the city for injuries sustained after a freak street sweeper accident. In the trial, doctors testified that it will be five years before the plaintiff is able to return to work. The jury has already decided in favor of the plaintiff. You are the foreperson of the jury and propose that the jury give the plaintiff an award to cover the following: (a) The present value of two years' back pay. The plaintiff's annual salary for the last two years would have been $33,000 and $36,000, respectively. (b) The present value of five years' future salary. You assume the salary will be $40,000 per year. (c) $100,000 for pain and suffering. (d) $12,000 for court costs. Assume that the salary payments are equal amounts paid at the end of each month. If the interest rate you choose is an EAR of 8 percent, what is the size of the settlement? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Size of the…
You are serving on a jury. A plaintiff is suing the city for injuries sustained after a freak street sweeper accident. In the trial, doctors testified that it will be five years before the plaintiff is able to return to work. The jury has already decided in favor of the plaintiff. You are the foreperson of the jury and propose that the jury give the plaintiff an award to cover the following: (a) The present value of two years' back pay. The plaintiff's annual salary for the last two years would have been $34,000 and $37,000, respectively. (b) The present value of five years' future salary. You assume the salary will be $41,000 per year. (c) $100,000 for pain and suffering. (d) $13,000 for court costs. Assume that the salary payments are equal amounts paid at the end of each month. If the appropriate rate you choose is an EAR of 7 percent, what is the size of the settlement? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Size of the…
You are serving on a jury. A plaintiff is suing the city for injuries sustained after a freak street sweeper accident. In the trial, doctors testified that it will be five years before the plaintiff is able to return to work. The jury has already decided in favor of the plaintiff. You are the foreperson of the jury and propose that the jury give the plaintiff an award to cover the following: (a) The present value of two years’ back pay. The plaintiff’s annual salary for the last two years would have been $59,000 and $62,000, respectively. (b) The present value of five years’ future salary. You assume the salary will be $65,000 per year. (c) $210,000 for pain and suffering. (d) $30,000 for court costs. Assume the salary payments are equal amounts paid at the end of each month. If the interest rate you choose is an EAR of 9 percent, what is the size of the settlement?
You are serving on a jury. A plaintiff is suing the city for injuries sustained after a freak street sweeper accident. In the trial, doctors testified that it will be five years before the plaintiff is able to return to work. The jury has already decided in favor of the plaintiff. You are the foreperson of the jury and propose that the jury give the plaintiff an award to cover the following: (a) The present value of two years' back pay. The plaintiff's annual salary for the last two years would have been $38,000 and $41,000, respectively. (b) The present value of five years' future salary. You assume the salary will be $45,000 per year. (c) $100,000 for pain and suffering. (d) $17,000 for court costs. Assume that the salary payments are equal amounts paid at the end of each month. If the interest rate you choose is an EAR of 9 percent, what is the size of the settlement? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Size of the…
You are serving on a jury. A plaintiff is suing the city for injuries sustained after a freak street sweeper accident. In the trial, doctors testified that it will be five years before the plaintiff is able to return to work. The jury has already decided in favor of the plaintiff. You are the foreperson of the jury and propose that the jury give the plaintiff an award to cover the following: (a) The present value of two years’ back pay. The plaintiff’s annual salary for the last two years would have been $33,000 and $36,000, respectively. (b) The present value of five years’ future salary. You assume the salary will be $40,000 per year. (c) $100,000 for pain and suffering. (d) $12,000 for court costs. Assume that the salary payments are equal amounts paid at the end of each month. If the appropriate rate you choose is an EAR of 8 percent, what is the size of the settlement? size of settlement?
You are serving on a jury. A plaintiff is suing the city for injuries sustained after a freak street sweeper accident. In the trial, doctors testified that it will be five years before the plaintiff is able to return to work. The jury has already decided in favor of the plaintiff. You are the foreperson of the jury and propose that the jury give the plaintiff an award to cover the following: (a) The present value of two years’ back pay. The plaintiff’s annual salary for the last two years would have been $43,000 and $46,000, respectively. (b) The present value of five years’ future salary. You assume the salary will be $51,000 per year. (c) $150,000 for pain and suffering. (d) $20,000 for court costs. Assume that the salary payments are equal amounts paid at the end of each month. If the interest rate you choose is an EAR of 6.5 percent, what is the size of the settlement? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
You are serving on a jury. A plaintiff is suing the city for injuries sustained after a freak street-sweeper accident. In the trial, doctors testified that it will be five years before the plaintiff is able to return to work. The jury has already decided in favor of the plaintiff. You are the foreperson of the jury and propose that the jury give the plaintiff an award to cover the following: (a) The present value of two years' back pay. The plaintiff's annual salary for the last two years would have been $64,000 and $67,000, respectively. (b) The present value of five years' future salary. You assume the salary will be $71,000 per year. (c) $235,000 for pain and suffering. (d) $30,000 for court costs. Assume the salary payments are equal amounts paid at the end of each month. If the interest rate you choose is an EAR of 10 percent, what is the size of the settlement? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Award If you were…
You are serving on a jury. A plaintiff is suing the city for injuries sustained after a freak street-sweeper accident. In the trial, doctors testified that it will be five years before the plaintiff is able to return to work. The jury has already decided in favor of the plaintiff. You are the foreperson of the jury and propose that the jury give the plaintiff an award to cover the following: (a) The present value of two years' back pay. The plaintiff's annual salary for the last two years would have been $53,000 and $56,000, respectively. (b) The present value of five years' future salary. You assume the salary will be $59,000 per year. (c) $180,000 for pain and suffering. (d) $25,000 for court costs. Assume the salary payments are equal amounts paid at the end of each month. If the interest rate you choose is an EAR of 11 percent, what is the size of the settlement? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) X Answer is complete…
You are serving on a jury. A plaintiff is suing the city for injuries sustained after a freak doggie poo accident. In the trial, doctors testified that it will be 5 years before the plaintiff is able to return to work. The jury has already decided in favour of the plaintiff. You are the foreperson of the jury and propose that the jury give the plaintiff an award to cover the following: (1) The present value of 2 years’ back pay. The plaintiff’s annual salary for the last 2 years would have been €25,000 and €28,000, respectively. (2) The present value of 5 years’ future salary. You assume the salary will be €28,000 per year. (3) €100,000 for pain, suffering and humiliation. (4) €20,000 for court costs. Assume that the salary payments are equal amounts paid at the end of each month. Required: If the interest rate you choose is a 4 per cent APR, what is the size of the settlement? (Do not include the euro…
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