(Answered) 1 richard age 45 is married with two children in high

Management Studies

1. Richard, age 45, is married with two children in high school. He estimates that his average annual earning over the next 20 years will be 60,000. He estimates that one-third of his average annual earnings will be used to pay taxes, insurance premiums, and the costs of self- maintenance. The remainder will be used to support his family. Richard wants to calculate his human life value and believes a 6 percent discount rate is appropriate. The present value of $1 payable for 20 years at a discount rate of 6 percent is $11.47. Calculate Richard's human life.

View complete question

Business Management, Management Studies

Category:- Business Management
Reference No.:- M92327872
Price:- $10

Verified Expert

Priced at $20 Now at $10, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Business Management

Abc oil change being the only one in this small town has a

ABC Oil Change, being the only one in this small town, has a thriving business. There are customers arriving every 6 minutes. The facility can change oil with a mean service time of 15 minutes and a standard deviation of ...

What would applying the idea of organizational culture tell

What would applying the idea of organizational culture tell you about the place you work, or of any other place that someone might work at?

Once considered pure science fiction artificial

Once considered pure science fiction, artificial intelligence (AI) is being relied on more and more in today's world. Artificial intelligence deals with algorithms based on complex data sets. If you had to tell story rep ...

How might leaders compromised by ethical scandals rebound

How might leaders compromised by ethical scandals rebound and redeem themselves to followers? What type of actions by organizations tend to create negative responses? What organizations have you seen act in these ways? D ...

Why is emotional intelligence particularly important in

Why is emotional intelligence particularly important in service jobs?

Trucks in a delivery fleet travel a mean of 80 miles per

Trucks in a delivery fleet travel a mean of 80 miles per day with a standard deviation of 35 miles per day. The mileage per day is distributed normally. Find the probability that a truck drives less than 111 miles in a d ...

Compare and contrast replacement charts and succession

Compare and contrast replacement charts and succession planning?

Design a circuit that will convert a four bit binary number

Design a circuit that will convert a four bit binary number into afour bit gray code value.

You want to be a millionaire when you retire in 35 yearsa

You want to be a millionaire when you retire in 35 years. a. How much do you have to save each month if you can earn an annual return of 10.7 percent? (Do not round intermediate calculations and round your answer to 2 d ...

What are the capabilities and resources need to execute

What are the capabilities and resources need to execute strategy at Amazon? Does Amazon have, or can they build, the capabilities required? (Use Case: Amazon.com: The Brink of Bankruptcy Case)

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Management Expert