Answer:
Winning from lottery | 1,000,000 |
Present value factor for 71 years at 9% | 0.00220 |
Present value of Winning after 71 years | 2,200 |
Problem 5.11 Calculating Present Values (LO2 You have just received notification that you have won the...
You have just received notification that you have won the $1 million first prize in the Centennial Lottery. However, the prize will be awarded on your 100th birthday (assuming you’re around to collect), 71 years from now. What is the present value of your windfall if the appropriate discount rate is 9 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
You have just received notification that you have won the $2 million first prize in the Centennial Lottery. However, the prize will be awarded on your 100th birthday (assuming you're around to collect), 80 years from now. points What is the present value of your windfall if the appropriate discount rate is BA percent? (Do not found Intermediate calculations and round your answer to 2 decimal places, e.g. 32.16.) eBook Present value Print References
You have just received notification that you have won the $2 million first prize in the Centennial Lottery. However, the prize will be awarded on your 100th birthday (assuming you’re around to collect), 67 years from now. What is the present value of your windfall if the appropriate discount rate is 9 percent? (Do not round intermediate calculations and round your final answer to 2 decimal places, e.g., 32.16.)
You have just received notification that you have won the $3 million first prize in the Centennial Lottery. However, the prize will be awarded on your 100th birthday (assuming you're around to collect), 61 years from now. What is the present value of your windfall if the appropriate discount rate is 6 percent? Multiple Choice $172,252.68 O $78,931.67 o $87,511.20 o $85,795.30 o o $84,079.39
Solve using excel commands/formula A1 You have just received notification that you have won the $1 million first prize in the Centennial Lottery. However, the prize will be awarded on your 100th birthday (assuming you're around to collect), 80 years from now. What is the present value of your windfall if the appropriate discount rate is 9 percent? 1,000,000 80 Future value Years Interest rate 9% 10 Complete the following analysis. Do not hard code values in your answers. Your...
You have just received notification that you have won the $1.25 million first prize in the Centennial Lottery. However, the prize will be awarded on your 100th birthday, 79 years from now. The appropriate discount rate is 6.4 percent. What is the present value of your winnings?
You just received notification that you have won the 1.25 million first prize in the centennial lottery. However, the prize will be awarded on your 100th birthday, 79 years from now. The appropriate discount rate is 6.4 percent. What is the present value of your winnings
You have just been notified that you have won the $2 million lottery! The prize will be awarded on your 100th birthday which is 80 years from now. If the current discount rate is 5%, what is the present value of your windfall? Show your work.
1. You have just received notification that you have won the $2 million first prize in the Monarch Lottery. However, the prize will be awarded on your 55th birthday, 34 years from now. The appropriate discount rate is 8% What is the present value of your winnings? A $69,598.77 B $146,090.61 C $147,698.22 D $133,333.33 E $142,000.00 2. The difference between an investment's market value and its cost is the __? A net present value B profitability index C internal...
In January 2007, the average price of an asset was $27,658. 6 years earlier, the average price was $21,008. What was the annual increase in selling price? O 5.16% O -4.48% O 4.69% O 4.22% O 5.63% You're trying to save to buy a new $220,000 Ferrari. You have $33,000 today that can be invested at your bank. The bank pays 6.0 percent annual interest on its accounts. How long will it be before you have enough to buy the...