Pretend that you have been given $1,000,000.00 to spend as you choose on physical items. You can only buy one of each thing. You must buy exactly 20 items. You donâ??t have to include tax and shipping. Spend exactly 1,000,000.00 to the penny. Include a picture and detailed description of each item and why you bought it.
Also, include one paragraph reflecting how you felt about it all and answer the questionâ?¦if someone asked you â??how much is a million dollars?â?? what would you say and why?© BrainMass Inc. brainmass.com October 25, 2018, 4:55 am ad1c9bdddf
To do this assignment, you first have to identify twenty items that cost $1,000,000.00. The items do not have to be of equal value. They only need to sum up to $1,000,000. The main challenge to this will be to spend the $1,000,000.00 to the penny. Here is my suggestion on items:
1.)Buy a commercial rental property......approximate value $250,000.00.
2.)Buy a real estate lot.......approximate value...$250,000.
3.)Buy a house........approximate value $200,000.
4.)Buy sixteen issues of stock. Calculate the purchase so that the total of the sixteen issues of stock and the three pieces of ...
This solution offers a breakdown about how to hypothetically spend $1,000,000 to the exact penny. A list of twenty items is suggested for purchase with rationale for the choices.
Money Circulation Impact
Suppose that each dollar introduced into the economy recirculates as follows:
85% of the original dollar is spent then 85% of that $.85 is spent, and so on.
The economic impact (the total amount spent) if $1,000,000 is spent.