Question

FT T OE Ordnery Problem 1 You won the state lottery on January 1, 2018. You can elect to receive (a) $1,000,000 at the end of
please answer question 2 of problem 1

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Interest Rate Year Amount received each period Present Value Factor (A) Period Formula used =1/(1+r)^n Present Value (A*B) (B

  • Formula used in Present value factor is given in the next column.

Please give a Thumbs up ? Thanks!!

Add a comment
Know the answer?
Add Answer to:
please answer question 2 of problem 1 FT T OE Ordnery Problem 1 You won the...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • please solve part 2 of problem 1 TTT Problem 1 You won the state lottery on...

    please solve part 2 of problem 1 TTT Problem 1 You won the state lottery on January 1, 2018. You can elect to receive (a) $1,000,000 at the end of 2019 or i Y $150,000 per year for 10 years with the first payment at the end of 2019. The interest rate is expected to be 6% for 2018 and 7% from 2019 to 2023 and 8% from 2024 onwards. How much is each option worth in present value dollars?...

  • Question 1: Discounting A. You find $100,000 under your mattress 25 years from now. What is the Present Value (PV)...

    Question 1: Discounting A. You find $100,000 under your mattress 25 years from now. What is the Present Value (PV) of that $100,000 dollars if you assume 2.8% inflation over that 25-year period? (The answer is not the face value of $100,000, but much less) B. You are promised $1,000,000 in five years. Assuming that you can earn 5% interest on investments, how much is that $1,000,000 worth now?

  • Please show formula to find the answer 1) You have just won the lottery. At the...

    Please show formula to find the answer 1) You have just won the lottery. At the end of each of the next 20 years, you will receive a payment of $50,000. If the cost of capital is 10 percent per year, what is the present value of your lottery winnings? 50,000 Cost of Capital Payment Term Rate 20 10% 0 2) A perpetuity is an annuity that is received forever. If I rent my house and at the beginning of...

  • Please answer both questions thank you. Question 39 (1 point) Translate the following conditions to Java,...

    Please answer both questions thank you. Question 39 (1 point) Translate the following conditions to Java, where x is an integer and s is a string. 1. x >= 6 2. x < 0 s is "Day" 3. S = "Day" x is at least 6 4. X == -7 DODO x is at most 6 5. x = -7 x is - 7 6. s.equals("Day") 7. x <= 6 x is not 27 8. X >O x is positive...

  • QUESTION 3 10 marks You are considering the purchase of a new automated CNC machining centre...

    QUESTION 3 10 marks You are considering the purchase of a new automated CNC machining centre for your company's manufacturing division. The required capital is $3,300,000. The planned life of this machine is estimated at 1 years, after which the salvage value will be $450,000. You have calculated that this machining centre will enable the machining of precision components 24 hours per day (thus increasing gross revenue by $650,000 annually) and more efficiently (by reducing annual labor costs by $180,000)....

  • please be quickly Sha Q-1 If you know the following Items from Balance sheet and Income...

    please be quickly Sha Q-1 If you know the following Items from Balance sheet and Income statements at 31-Dec- 2019 Items Amount Cash 200,000 1,000,000 Inventory Account Receivables Sales 1,800,000 3,000,000 1,000,000 Account Payables Total equity Net income 2,000,000 100,000 The required: Calculate the following ratios: (The formula, your calculation steps, final answer are required) less Finance 27 Midterm.docx x + 1-Retrun on Assets. 2- Return on Equity. 3- If we assume the ROA in 2018 is 1.5. Compare between...

  • Time Value of Money Spreadsheet Example 4 Module IV Name: Date: 6 7 8 Question 1 9 Question 2 10 Question 3 11 Question...

    Time Value of Money Spreadsheet Example 4 Module IV Name: Date: 6 7 8 Question 1 9 Question 2 10 Question 3 11 Question 4 12 Question 5 13 Question 6 14 Question 7 15 Question 8 16 Question 9 17 Question 10 18 19 20 Single Amount or Annuity 21 Periodic Interest Rate 22 Number of Periods 23 24 25 Present Value of Single Amount 26 27 Future Value of Single Amount 28 29 Future Value of An Annuity...

  • please solve this problem as soon as possible. Thank you Class Discussion Exercise On January 1,...

    please solve this problem as soon as possible. Thank you Class Discussion Exercise On January 1, 2018, the Mason Manufacturing Company began construction of a building to be used as its office headquarters. The building was completed on September 30, 2019. Expenditures on the project were as follows: January 1, 2018 $1,000,000 March 1, 2018 600,000 June 30, 2018 800,000 October 1, 2018 600,000 January 31, 2019 270,000 585,000 April 30, 2019 August 31, 2019 900,000 On January 1, 2018,...

  • please answer all 2pt per question. Show your work clearly to eam partial credit! Read the questions carefully!...

    please answer all 2pt per question. Show your work clearly to eam partial credit! Read the questions carefully! Suppose you invest $100, $200, & $300 at the end of year 1 to 3 in the next 3 years and earn 6% each year. What is the future value at the end of year 3? tcompute the PV: using CF function: CO0-0, CO1- 100, C02=200 , C03-300, I-6, CPT NPV= FV,=PV (1r)624.36 Suppose you expect your investment to earn 6 %...

  • Answer question 1 & 2 asap please. The question is indeed complete. Question 1 Fill in...

    Answer question 1 & 2 asap please. The question is indeed complete. Question 1 Fill in the P(X=x) values to give a legitimate probability distribution for the discrete random variable X, whose possible values are -6, -5, 0,5, and 6. Value of x P(x = x) 0.12 -5 0.21 0 0 $ 0.12 6 ? Question 2 Suppose that the genders of the three children of a certain family are soon to be revealed. Outcomes are thus triples of "girls"...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT