Bill won the $53 million lottery. He is to receive $2 million a year for the...
Bill won the $53 million lottery. He is to receive $2 million a year for the next 20 years plus an additional lump sum payment of $13 million at the end of the 20 years. Assuming a discount rate of 10%, what is the present value of his
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Bill won the $53 million lottery. He is to receive $2 million a
year for the...
Rita Gonzales won the $47 million lottery. She is to receive $1.2 million a year for...
Rita Gonzales won the $47 million lottery. She is to receive $1.2 million a year for the next 30 years plus an additional lump sum payment of $11 million after 30 years. The discount rate is 6 percent. What is the current value of her winnings?
Rita Gonzales won the $41 milion lottery. She is to receive $1.8 million a year for...
Rita Gonzales won the $41 milion lottery. She is to receive $1.8 million a year for the next 15 years plus an additional lump sum payment of $14 million after 15 years. The discount rate is 11 percent. What is the current value of her winnings? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Present value = _______
Rita Gonzales won the $62 million lottery. She is to receive $2.8 million...
Rita Gonzales won the $62 million lottery. She is to receive $2.8 million a year for the next 20 years plus an additional lump sum payment of $6 million after 20 years. The discount rate is 14 percent. What is the current value of her winnings? Use Appendix B and Appendix D for an approximate answer, but calculate your final answer using the formula and financial calculator methods. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Present...
Rita Gonzales won the $47 million lottery. She is to receive $2.7 million a year for...
Rita Gonzales won the $47 million lottery. She is to receive $2.7 million a year for the next 15 years plus an additional lump sum payment of $6.5 million after 15 years. The discount rate is 10 percent. What is the current value of her winnings? Use Appendix B and Appendix D for an approximate answer, but calculate your final answer using the formula and financial calculator methods.(Do not round intermediate calculations. Round your final answer to 2 decimal places.)...
You just won the $62 million lottery. You will receive $1.9 million a year for the...
You just won the $62 million lottery. You will receive $1.9 million a year for the next 25 years plus an additional payment of $14.5 million at the end of 25 years. The interest rate is 13 percent. How much is your lottery prize worth today? (Enter your answer as a positive number rounded to 2 decimal places.)
You just won the $66 million lottery. You will receive $2.3 million a year for the...
You just won the $66 million lottery. You will receive $2.3 million a year for the next 25 years plus an additional payment of $8.5 million at the end of 25 years. The interest rate is 11 percent. How much is your lottery prize worth today?
Your friend just won the lottery. He has a choice of receiving $122,788 a year for...
Your friend just won the lottery. He has a choice of receiving $122,788 a year for the next 18 years or a lump sum today. The lottery uses a 8% discount rate. What would be the lump sum your friend would receive?
estion 5 points Save Any You just won the lottery and will receive $2.000.000 per year,...
estion 5 points Save Any You just won the lottery and will receive $2.000.000 per year, at the end of each year, for the next 20 years. What would your lump sum payoff be if you selected the "cash option" and will receive the present value of the 20 payments today! Assume a discount rate of 3.5. (PV of an ordinary annuity, round to the nearest dollar). $28.754950 528.04.07 27,180653 1941 122.939.842
Your friend just won the lottery. He has a choice of receiving $50,000 a year for...
Your friend just won the lottery. He has a choice of receiving $50,000 a year for the next 20 years or a lump sum today. The lottery uses a 15% discount rate. What would be the lump sum your friend would receive? I know the answer is 312,966.57, however, I don't know why my calculator cannot get this number.
Congratulations, you won a lottery of $10 million! You are offered three options to receive your...
Congratulations, you won a lottery of $10 million! You are offered three options to receive your windfall: A) A lump sum of $10 million received immediately B) An annual payment of $500,000 for 30 years C) A monthly payment of $50,000 for 30 years a. If the discount rate is 7%, which option would you choose? Show your work. b. Calculate the effective annual rate for option C.
Your friend just won the lottery. He has a choice of receiving $122,788 a year for the next 18 years or a lump sum today. The lottery uses a 8% discount rate. What would be the lump sum your friend would receive?
estion 5 points Save Any You just won the lottery and will receive $2.000.000 per year, at the end of each year, for the next 20 years. What would your lump sum payoff be if you selected the "cash option" and will receive the present value of the 20 payments today! Assume a discount rate of 3.5. (PV of an ordinary annuity, round to the nearest dollar). $28.754950 528.04.07 27,180653 1941 122.939.842
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