Business
Business, 20.12.2019 21:31, lilsneak13

The $36.0 million lottery payment that you have just won actually pays $2.4 million per year for 15 years. the interest rate is 9%.
a. if the first payment comes in 1 year, what is the present value of the winnings? (do not round intermediate calculations. enter your answer in dollars, not millions, rounded to 2 decimal places.)
b. what is the present value if the first payment comes immediately? (do not round intermediate calculations. enter your answer in dollars, not millions, rounded to 2 decimal places.)

answer
Answers: 3

Other questions on the subject: Business

image
Business, 21.06.2019 22:30, lejeanjamespete1
What is the connection between digital transformation and customer experience
Answers: 2
image
Business, 22.06.2019 10:30, natajaeecarr
Jack manufacturing company had beginning work in process inventory of $8,000. during the period, jack transferred $34,000 of raw materials to work in process. labor costs amounted to $41,000 and overhead amounted to $36,000. if the ending balance in work in process inventory was $12,000, what was the amount transferred to finished goods inventory?
Answers: 2
image
Business, 22.06.2019 18:00, HistoryLee
1. what is the amount of interest earned after two years on a $100 deposit paying 4 percent simple interest annually? $8.00 $4.08 $8.16 $4.00 2. what is the amount of compound interest earned after three years on a $100 deposit paying 8 percent interest annually? $24.00 $8.00 $16.64 $25.97 3. a business just took out a loan for $100,000 at 10% interest. if the business pays the loan off in three months, how much did the business pay in interest? $2,500.00 $10.00 $250.00 $10,000.00 4. what is the annual percentage yield (apy) for a deposit paying 5 percent interest with monthly compounding? 5.00% 5.12% 79.59% 0.42%
Answers: 1
image
Business, 22.06.2019 21:00, liamgreene90
You have $5,300 to deposit. regency bank offers 6 percent per year compounded monthly (.5 percent per month), while king bank offers 6 percent but will only compounded annually. how much will your investment be worth in 17 years at each bank
Answers: 3
Do you know the correct answer?
The $36.0 million lottery payment that you have just won actually pays $2.4 million per year for 15...

Questions in other subjects:

Konu
Mathematics, 26.03.2021 23:40
Konu
History, 26.03.2021 23:40