Examlex
You have received a settlement offer from an automobile manufacturer due to mechanical problems with your automobile.The manufacturer will pay you $49,000 in one lump sum five years from now.You can earn 6% on your investments.The present value of $1 for 5 periods at 6% is 0.747.The present value of an ordinary annuity of $1 for 5 periods at 6% is 4.212.The present value of the manufacturer's settlement offer is closest to:
Baby Boomer Market
The demographic group born between 1946 and 1964, often targeted by marketers for their significant purchasing power.
Marketing Efforts
Activities and strategies implemented by a company to promote and sell its products or services, including advertising, sales promotions, public relations, and direct marketing.
Baby Boomers
The demographic cohort following World War II, typically defined as those born from 1946 to 1964.
Recent Retiree
An individual who has recently ended their professional career or period of employment, entering into retirement.
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