Business, 19.09.2019 21:20, joejoefofana
Astate lottery commission pays the winner of the million dollar lottery 20 installments of $50,000/year. the commission makes the first payment of $50,000 immediately and the other n = 19 payments at the end of each of the next 19 years. determine how much money the commission should have in the bank initially to guarantee the payments, assuming that the balance on deposit with the bank earns interest at the rate of 3%/year compounded yearly. hint: find the present value of the annuity. (round your answer to the nearest cent.)
Answers: 1
Business, 22.06.2019 11:30, khynia11
Given the following information about the closed economy of brittania, what is the level of investment spending and private savings, and what is the budget balance? assume there are no government transfers. gdp=$1180.00 million =$510.00 million =$380.00 million =$280.00 million
Answers: 3
Business, 22.06.2019 17:10, alexwlodko
Storico co. just paid a dividend of $3.15 per share. the company will increase its dividend by 20 percent next year and then reduce its dividend growth rate by 5 percentage points per year until it reaches the industry average of 5 percent dividend growth, after which the company will keep a constant growth rate forever. if the required return on the company’s stock is 12 percent, what will a share of stock sell for today?
Answers: 1
Business, 23.06.2019 00:50, alyssamiller401
Janis owns and operates a store in a country experiencing a high rate of inflation. in order to prevent the value of money in her cash register from falling too quickly, janis sends an employee to the bank four times per day to make deposits in a interest-bearing account that protects the store's revenues from the effects of inflation. this is an example of the (menu costs/ unit of account costs/ shoesleather costs) of inflation. pick one
Answers: 3
Astate lottery commission pays the winner of the million dollar lottery 20 installments of $50,000/y...
Health, 02.10.2020 15:01
Biology, 02.10.2020 15:01
English, 02.10.2020 15:01
Law, 02.10.2020 15:01
Biology, 02.10.2020 15:01
Social Studies, 02.10.2020 15:01
Mathematics, 02.10.2020 15:01
Social Studies, 02.10.2020 15:01