Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

can someone please show me how to do this using a graphing calculator? monthy to Kim and Kanye have hired you to determine who has

can someone please show me how to do this using a graphing calculator? image text in transcribed
monthy to Kim and Kanye have hired you to determine who has the best endorsement offer. Kim has been offered the job as a spokesperson for the National I Like Myself Foundation as they figure that they do not have to offer any advice to do the job. The NILMF will pay her $4,000 per month starting ten years from today for a total of 120 months. She then will receive $80,000 per year for six years with the first payment of $80,000 occurring one month after the last payment of $4,000. She also will receive $140,000 every year for five years with the first of these coming six months from today Kanye has been offered a job as the spokesperson for the Do You Believe I Get Paid For What I Do Foundation. He is happy it has nothing to do with what Kim is doing and that his has more letters. The DYBIGPFWIDF will pay him $60,000 per year for twenty years with the first of these coming today. He will also receive $800,000 six months after his last payment of $60,000. Finally he will receive $1,000,000 fifty years from today - he was worried that he would not have enough for a 75th birthday gift for himself They want to know who has the best offer in today's dollars. Assume a 9% (compounded monthly) rate for your analysis. Show all of your work and give a total value for each of their offers

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions