Movie the Italian Job (2003) Essay Example | Topics and Well Written Essays - 1000 words

Movie the Italian Job (2003) - Essay Example The job was always successful without a drawback until one of the group member Steve (Edward Norton) gets greedy. He blows Bridger away, leaving the others for al fresco fish chow beneath an alpine lake. Only one person is more marked than Croker and that's the Bridger's daughter, safecracking specialist Stella (Charlize Theron). Still soggy, Croker and the lads return to LA where they enlist her services to take back the gold, and more importantly, stick it to Steve. According to Hamblin (2009), Charlie Crocker (Mark Wahlberg), and his group of thieves pulled off the crime of a lifetime by stealing a safe which was filled with gold bricks of thirty-five million dollars. But in this event, the thing that did not go according to his plan was the possibility of double cross by his own group members. And being cheated by his own group members his main aim was to take revenge of his mentor’s (Donald Sutherland) death. According to his review there are lots of similarities between the movies of 1969 and 2003. Both the characters Charlie Crocker and John Bridger are from the original movie of 1969. In a few cases the action scenes of this movie with three minis are same as the old one. There are similarities were in the moves used in the fights, such as traffic jams as well as in case of chases in a drain. (Hamblin, 2009, 290). The movie The Italian Job of 2003 is a smart funny movie with full of entertainment. Between the action scenes featuring wild boat rides through the canals of Venice, chase scenes involving the coolest little cars on wheels, and an intricately planned act of revenge lies a film filled with some great dialogue and smart acting by all the actors. According to Murray (nd), the movie starts off with a good and highly educated group of thieves pulling off the perfect heist, stealing huge amounts of gold from a strict guarded place in Venice. Till that point, everything was according to the plan, but one group pulls a double cross and therefo re taking out John Bridger (Donald Sutherland), and brains behind the entire group, forced to split up the group vows revenge on traitor Steve (Edward Norton). According to him the movie, takes off on a riotous ride over and under Downtown Los Angeles. The most important point associated with this film that stand out from the standard heist film of 1969, is mainly the attractive choice of casting of the movie, to match the character with actor for even the most minor player. â€Å"The Italian Job† works because all of the actors are totally believable. According to the report published in BBC by Stella Papmichael, the main difference with this movie and the original movie is adds wallop lacking in the original version. In the new movie the revenge adds wallop which is occasionally destabilized by Mark Wahlberg's cosmic anti-presence. In this new version of the movie, Charlize Theron is the key behind driving this movie forward , taking the wheel with quiet confidence. Accordi ng to Papmichael, It's just a shame the flirty cat-and-mouse game between Stella and Steve heads up a cul-de-sac to give way for Croker..The culminating 'big job', with a trio of Mini Coopers incongruously zipping through LA gridlock, has all the audacious mischief of its progenitor. The difference is you don't have to endure an hour of dull cockney banter

Time Value of Money Essay Example | Topics and Well Written Essays - 1000 words

Time Value of Money - Essay Example It is based on the simple premise that â€Å"A penny in hand today is worth more than a penny in hand tomorrow†. This is on the basis of assumption that the money in hand today can be invested in various investment options which will increase the amount. Moreover, there is also an opportunity cost that is associated with the cash that is received later. This is the cost of the best foregone opportunity that could have been taken with the cash available (Econedlink.org, 2011). Cash received later can’t be used for any investment options present at the current time frame. The concept finds significant applications in the area of capital budgeting, lease versus buy decisions, accounts receivable analysis, financing arrangements, mergers and pension funding (Ross et.al., 2007, pg. 60). The concept of time value of money is used in every financial decision. This is done through two types of calculation. One includes calculating the present value of the cash that will be rece ived at a later stage while the other calculates the future value of the cash that is received now. One very important concept related to the time value of money is the Net Present Value (NPV). It is the sum of the present value of all the cash inflows minus the present value of its costs (Brigham & Ehrhardt, 2010, pg. 183). Net present finds usage in evaluating if the proposed projects shall be taken or not. If the net present value of the total project cash flows is negative, it should not be taken. The concept of the time value of money also finds application in evaluating the present value of various investment options such as bonds and stocks and identifying the best option to invest. 2. The formula for calculation of future value assuming that compound interest is given is: r is the rate of interest and n is the time period (Bierman & Smidt, 2003, pf. 17). a.) Present Value = $15,000 n = 5 years r = 7% b.) Present Value = $19,500 n = 3 years r = 4% c.) Present Value =$ 29,900 n = 7 years r = 2% d.) Present Value = $14,200 n = 10 years r = 0.9% 3. The formula for the calculation of present value for a given future value assuming application of compound rate of interest is: r is the rate of interest and n is the time period. a.) Future Value = $17,500 r = 4% n = 3 years b.) Future Value = $41,000 r = 5% n = 5 years c.) Future Value = $120,000 r = 12% n = 2 years d.) Future Value = $790,000 r = 1% n = 8 years 4. Let us assuming that we are getting the payment at the beginning of the years. The cash flow timeline looks like: Calculating the present value of the three future payments at the interest rate, r of 4% where, Present Value (Yi) is the present value of the cash received in year i The total present value is Thus the present value of the stream of annual payments is $519,497. 5. Let us assuming that we are getting the payment at the beginning of the years. The same is deposited into a bank account at the same time. The cash flow for the bank account w ill be: 6. Calculating the future value of the three payments at the end of third year at an interest rate of r = 2%, we get where Future Value (Yi) is the future value at the end of three years for the cash deposited in the bank account in year i. The total Future value at the end of three years is Thus, we can see that the amount in the bank account at the end of three years is $374,592 Conclusion We studied the importance of the concept of time value of money and calculated the same for different scenarios. The analysis enables us to