A math tee shirt business is expected to generate $44,000 in…
Questions
A mаth tee shirt business is expected tо generаte $44,000 in revenue per yeаr fоr the next 5 years. If the incоme is reinvested in the business at a rate of 8% per year compounded continuously, what is the present value of this income stream? Round your answer to 2 decimal places.
Adаm аnd Bill entered а preschооl with guns intending tо kidnap children on behalf of human traffickers who were willing to pay a substantial sum for children meeting a particular physical description. Upon entry they identified two such children and, to facilitate the abduction, they bound and gagged the preschool workers at gun point. Each then grabbed a child, placed them in their nearby van where their getaway driver was waiting with the engine running. They entered the van which then fled. An alert mother, on her way to pick up her child, observed the abduction, called police and provided a detailed description of the van and kidnappers. Police quickly located the van, arrested Adam and Bill, and returned the two children safely to their parents. The getaway driver … got away. After transporting Adam and Bill to the police station for questioning, police separated Adam and Bill and placed them in different interview rooms. Adam was read his Miranda rights verbatim from a note card. Adam then said, “I’m not talking to you guys.” No further questions were asked. Adam was then placed in a holding cell with an undercover officer who pretended to be an arrestee. The undercover officer engaged Adam in conversation and asked Adam why he was arrested. Adam responded that he was arrested for kidnapping. The undercover officer said, “I hope you didn’t talk to the cops.” Adam said, “Nope, I’m not going to give them any more than they already have.” The undercover officer asked what they already had. Adam said, “Pretty much everything but the guns – we stashed them; they won’t find them.” Meanwhile, a detective recited Miranda warnings to Bill, but from memory. He did not cite it exactly. Instead of saying, “You have the right to an attorney before and during any questioning” the detective inadvertently said, “You have the right to talk to a lawyer anytime before answering any questions and you can invoke that right at any time.” Def responded, “Maybe I should talk to a lawyer.” The detective asked, do you want a lawyer? If so, this conversation must end.” Defendant then said, “No, I don’t want a lawyer.” Bill then gave a (nearly) full confession but declined to admit they were armed with guns. Bill was then placed in a holding cell with an inmate who was an agent of police (unbeknownst to Bill). Bill told the inmate all about the crime, except the guns and where they were hidden. The inmate warned Bill that kidnapping children is frowned upon by the other inmates and when they find out, Bill’s life would be in jeopardy. The inmate then told Bill that he pretty much ran the jail from the inside and could protect Bill from the other inmates, but that Bill had to be complete honest with him. He then said, “I don’t think you’re being honest about whether you used guns – you and your partner committed a very dangerous crime without guns. Why would the preschool adults just hand over kids? If you want my protection, you gotta come clean – show me that you trust me.” Bill then admitted they used guns and told the inmate where the guns were hidden. Approximately 2 years later, the getaway driver feeling remorse for his role in the crime, approached a random uniformed police officer on the street and confessed, in detail, to his role in the crime. The officer then handcuffed and arrested the getaway driver. Each of the above statements were made prior to the filings of charges, arraignments, or any appearances before a magistrate. Directions: Pursuant to 5th Amendment Jurisprudence, discuss the likely admissibility of the statements made by Adam, Bill and the Getaway Driver.