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A local magazine is offering a $5,000 grand prize to one lucky winner. The prize will...
RT ANSWER. Write your answer in the space provided in the far-right column. Show a 32)...
RT ANSWER. Write your answer in the space provided in the far-right column. Show a 32) 32) A local magazine is offering a $2,500 grand prize to one lucky winner. The prize will be paid in four annual payments of $625 each, starting one year after the drawing. How much would this prize be worth to you if you can earn9 percent on your money?
4. The state lottery claims that its grand prize is $1 million. The lucky winner will...
4. The state lottery claims that its grand prize is $1 million. The lucky winner will receive $100,000 upon presentation of the winning ticket plus $100,000 at the end of each year for the next 9 years. Assume a 8% discount rate. a-Why isn't this really a million-dollar prize? b. What would it actually be worth in dollars to you? c. What would the 10 yearly payments need to be for the present value of the lottery to be $1...
4. The state lottery claims that its grand prize is $1 million. The lucky winner will...
4. The state lottery claims that its grand prize is $1 million. The lucky winner will receive $100,000 upon presentation of the winning ticket plus $100,000 at the end of each year for the next 9 years. Assume a 10% discount rate. a-Why isn't this really a million-dollar prize? (5 Points) b-What would it actually be worth in dollars to you? (5 Points) C-What would the 10 yearly payments need to be for the present value of the lottery to...
Over the past year, a fim decreased its current assets and increased its current abies As...
Over the past year, a fim decreased its current assets and increased its current abies As a result, the firm's networking capital had to increase had to decrease remained constant could have either increased decreased, or remained constant was unaffected as the changes occurred in the firm's current accounts QUESTIONS A local magazine is offering a 55,000 grand prize to one lucky winner. The prize will be paid in five annual payments of $1.000 each, starting one year after the...
You are the lucky winner of the Megazillions lottery. Your prize is $600 million . The...
You are the lucky winner of the Megazillions lottery. Your prize is $600 million . The Lottery Commission has given you a choice: equal annual payments for the next 30 years, or an immediate check for $250 million. Using a 6.5% discount rate, which is the optimal decision from a financial standpoint? (Please show the correct formula)
Question 11 4 pts Publishers Clearinghouse is offering $10,000 per month for 30 years to one...
Question 11 4 pts Publishers Clearinghouse is offering $10,000 per month for 30 years to one lucky winner with the first payment starting one month after the prize is awarded. How much would this prize be worth to you today if you can earn 5 percent on your money? O $153,725 $1,696,702 $1,844,694 $1,862,816
Question 6 You just won the grand prize in a national writing contest! As your prize,...
Question 6 You just won the grand prize in a national writing contest! As your prize, you will receive $2,000 a month for ten years. If you can earn 7 percent on your money, what is this prize worth to you today? Question 7 Grand Adventure Properties offers a 9.5 percent coupon bond with annual payments. The yield to maturity is 11.2 percent and the maturity date is 11 years from today. What is the market price of this bond...
Python code question - you are given the grand prize(in USD) and the winning numbers. Your...
Python code question - you are given the grand prize(in USD) and the winning numbers. Your program will read multiple tickets (6 selected numbers in each ticket) from the input file. For each ticket, the program calculates its prize won, and outputs the prize (in USD) to the output file. How to Play the Game? In each ticket, the player selects five numbers from a set of 69 white balls (numbered 1 to 69) and one number from 26 red...
Lottery Prize (millions) $ 14.00 millions Annuity (millions) $
Lottery Prize (millions) $ 14.00 millions Annuity (millions) $ 1.00 per year APR ( R ) 7.00% annual N (begin now) in years 25.00 years Benefit of lumpsum option (Excel) Gain/Loss of ???? millions Benefit of lumpsum option (VBA) Gain/Loss of ???? millions Benefit of lumpsum (Math, Extra Credit) Gain/Loss of ???? millions Juan has just won a lottery. He can get $14 million now (after-tax, lumpsum or one-time option), or he can get $1 million annually for 25...
Assignment (Time Value of Money) 1. What is the selling price today of a bond with...
Assignment (Time Value of Money) 1. What is the selling price today of a bond with a face value of $100,000,4% coupon paid annually and maturity of 10 years if market interest rates are: b. 6% c. 2% 2. In exchange for a $20,000 payment today, a well-known company will allow you to choose one of the alternatives shown in the following table, your opportunity cost is 11% Alternative Single Amount $28,000 at the end of 3 years $54,000 at...
RT ANSWER. Write your answer in the space provided in the far-right column. Show a 32) 32) A local magazine is offering a $2,500 grand prize to one lucky winner. The prize will be paid in four annual payments of $625 each, starting one year after the drawing. How much would this prize be worth to you if you can earn9 percent on your money?
4. The state lottery claims that its grand prize is $1 million. The lucky winner will receive $100,000 upon presentation of the winning ticket plus $100,000 at the end of each year for the next 9 years. Assume a 10% discount rate. a-Why isn't this really a million-dollar prize? (5 Points) b-What would it actually be worth in dollars to you? (5 Points) C-What would the 10 yearly payments need to be for the present value of the lottery to...
Over the past year, a fim decreased its current assets and increased its current abies As a result, the firm's networking capital had to increase had to decrease remained constant could have either increased decreased, or remained constant was unaffected as the changes occurred in the firm's current accounts QUESTIONS A local magazine is offering a 55,000 grand prize to one lucky winner. The prize will be paid in five annual payments of $1.000 each, starting one year after the...
Question 11 4 pts Publishers Clearinghouse is offering $10,000 per month for 30 years to one lucky winner with the first payment starting one month after the prize is awarded. How much would this prize be worth to you today if you can earn 5 percent on your money? O $153,725 $1,696,702 $1,844,694 $1,862,816
Question 6 You just won the grand prize in a national writing contest! As your prize, you will receive $2,000 a month for ten years. If you can earn 7 percent on your money, what is this prize worth to you today? Question 7 Grand Adventure Properties offers a 9.5 percent coupon bond with annual payments. The yield to maturity is 11.2 percent and the maturity date is 11 years from today. What is the market price of this bond...
Assignment (Time Value of Money) 1. What is the selling price today of a bond with a face value of $100,000,4% coupon paid annually and maturity of 10 years if market interest rates are: b. 6% c. 2% 2. In exchange for a $20,000 payment today, a well-known company will allow you to choose one of the alternatives shown in the following table, your opportunity cost is 11% Alternative Single Amount $28,000 at the end of 3 years $54,000 at...
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