You have won the lottery and will receive 20 annual payments of $10,000 starting today. If you can invest these payments at 8.5%, what is the present value of your winnings?

$102,677.20

Step-by-step explanation:

The present value of an annuity due is determined by the following expression:

Where 'P' is the amount of each payment received, 'r' is the interest rate on the investment and 'n' is the number of yearly payments.

With 20 annual payments of $10,000 at a rate of 8.5%, the present value is:

The present value of your winnings is $102,677.20.

answer: she must produce at least 9,000 windows in order to make a profit of $48,000

explanation:

48,000 - 12,000 = 36,000

36,000/4 = 9,000

i'm not entirely sure

step-by-step explanation:

if you ask home depot or lowe's they might be able to you out