CHAPTER 2 How to Calculate Present Values Answers to Problem Sets 1. If the discount factor is .507‚ then .507*1.126 = $1 2. 125/139 = .899 3. PV = 374/(1.09)9 = 172.20 4. PV = 432/1.15 + 137/(1.152) + 797/(1.153) = 376 + 104 + 524 = $1‚003 5. FV = 100*1.158 = $305.90 6. NPV = -1‚548 + 138/.09 = -14.67 (cost today plus the present value of the perpetuity) 7. PV = 4/(.14-.04) = $40 8. a. PV = 1/.10 = $10 b. Since the perpetuity
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Summarise the main development of a child from the age range 0-2 years‚ 3-5 years and 5-8 years Although the development of each child is unique to the individual‚ there are certain ‘milestones’ that need to be achieved before a child moves on to the next stage of its development. These milestones‚ or averages‚ are used to assess the development of an individual child‚ all the time recognizing that different children will reach these milestones at different times. There are five defined areas
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The ‘50s and ‘60s: Decades of Prosperity and Protest (DBQ) Historians tend to portray the 1950s as a decade of prosperity‚ conformity‚ and consensus‚ and the 1960s as a decade of turbulence‚ protest‚ and disillusionment. These stereotypes are largely true‚ though‚ as with everything in life‚ there are exceptions to this perspective. Therefore‚ the historians’ portrayal of the 1950s and 1960s is accurate for the majority of Americans‚ though some groups were clearly exceptions. The 1950s were characterized
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witnessed the extreme mistreatment of the Africans in the Congo‚ and wrote An Open Letter to King Leopold II as a response. King Leopold II had obtained the Congo to supposedly enrich the lives of the people who lived there. However‚ in his letter‚ Williams claims that no effort has been made to aid these people‚ but instead to enslave them. The Congo citizens were so poorly treated that many of them perished. Also in his letter‚ Williams calls on the Belgian people‚ anti-slavery groups‚ and God to end the
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Even though the first Olympic Games were held thousands of years ago in 776 B.C. some of the traditions set by the Greeks still thrive in modern day Olympic Games. However‚ there are some differences. For example‚ the Greeks held their events at the same place every four years at Olympia‚ whereas today‚ the games are hosted by a different city and country every time. Also‚ women were not allowed to watch or even participate in ancient Greek Olympics and today many women watch and compete in all sorts
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In the novel "The Scarlet Letter"‚ the characters relationships and their actions are more based on what their community thinks of them. However in critical theory today‚ commodification is stated as "the act of relating to the objects or persons in terms of their exchange value" (Tyson 60). To add to that society will commodify each other when they "structure their relations with them to promote their own advancement financially or socially" (Tyson 60). Relationships of all types can all be judged
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The Role of Gov’t Why does every country have a form of government? Is it the pack mentality found in many animals? Do humans instinctively look for some form of leadership? What is the purpose of having a government? Is it to regulate what people do‚ to protect its citizens‚ or to maintain a stable economy? Isn’t it the government’s responsibility to protect the citizens under its rule? Isn’t it the reason most governments are established? Many governments offer some form of program to protect
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50 Africa Facts Here is the list of 50 facts about the continent of Africa. 1. There are 54 countries and one “nonself governing territory”‚ the Western Sahara‚ in Africa. 2. All of Africa was colonized by foreign powers during the “scramble for Africa”‚ except Ethiopia and Liberia. 3. Before colonial rule Africa comprised up to 10‚000 different states and autonomous groups with distinct languages and customs. 4. The Pharaonic civilization of ancient Egypt is one of the world’s oldest and
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Describe The Roles of Government In The Present Business Environment In the present business environment governments have the power to change and make laws‚ having a major role and influence on the business environment. There are three levels of government; federal‚ state and local. The federal government has power over such areas as; company law‚ income tax‚ trade etc. State government has power over pollution‚ price controls‚ state courts etc. and local government has power over rates‚ building
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50 years. There are many views that different sociologists have about the experiences of childhood in the past 50 years. Overtime society has become child centred‚ and childhood itself has been socially constructed by the rest of society. Neil Postman (1982) argues that childhood is gradually disappearing. His statement is connected to two ideas that state about technology and social blurring. His first idea about technology is that the growth of television is taking over‚ so there is unlimited access
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