You just won the lottery. The prize is 20 equal payments of $50,000 with the first...
You just won the lottery. The prize is 20 equal payments of $50,000 with the first to be received today. What is the present value of the prize if the discount rate is 8%? ___________________________________________ ____________________ 50,000 ___________ ____ N ____ 1/Y CPT _______ Answer: _________________
You have just won the lottery. The prize is $1.2 million, payable is 20 equal annual installments. You received the first installment of $60,000 today, you are so happy to be a millionaire. However, your friend claims you really aren't a millionaire. What is the present worth of your winnings, assuming your MARR is 8%?
You have just won a lottery. Your prize is an annuity with a payment of $50,000 at the beginning of each year, starting on 1/1/2020, for 10 years. (a) What is the present value of your prize as of 1/1/2020? Use an annual interest rate of 4%. You decide to donate your prize to fund an annual scholarship to a university. The annual scholarship is for $x, given on 5/1 of each year, starting on 5/1/2020, and is supposed to last forever. This scholarship...
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 just won the lottery. Congratulations! The jackpot is $35,000,000, paid in four equal annual payments. The first payment on the lottery jackpot will be made today. In present value terms, you really won _________- assuming an annual interest of 6.50%.
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?
Congratulations! You have just won the State Lottery. The lottery prize was advertised as an annualized $105 million paid out in 30 equal annual payments beginning immediately. The annual payment is determined by dividing the advertised prize by the number of payments. Instead you could take a one lump cash prize of the present value of all the annuity payments using a 4.5% discount rate. You now have up to 60 days to determine whether to take the cash prize...
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.)