14. You just won first place in a CUNY essay writing contest, and as your prize,...

Question

Question

14. You just won first place in a CUNY essay writing contest, and as your prize,...

14. You just won first place in a CUNY essay writing contest, and as your prize, you will receive $400 a month each month for the next 7 years (NOT $4,800 per year but rather $400 per month). If you can earn 8.25% per year on your money, what is the total prize worth to you today?

business finance

Add a comment Improve this question Transcribed image text

Answer 1

Answer #1

Add a comment

Answer 2

Similar Homework Help Questions

you just won the grand prize in a national writing contest as your prize you will...

you just won the grand prize in a national writing contest as your prize you will receive $2,000 a month for 10 years if you can earn 7% on your money what is this prize worth to you today
You just won the grand prize in a national writing contest! As your prize, you will...

You just won the grand prize in a national writing contest! As your prize, you will receive $1,000 a month for 15 years. If you can earn 7 percent on your money, what is this prize worth to you today? $14,322.55 $86,126.35 $111,255.95 $85,333.33 $14,285.16
You just won the grand prize in a national writing contest! As your prize, you will...

You just won the grand prize in a national writing contest! As your prize, you will receive $500 a month for 50 months. If you can earn 7 percent on your money, what is this prize worth to you today?

You just won the grand prize in a national writing contest! As your prize, you will...

You just won the grand prize in a national writing contest! As your prize, you will receive $500 a month for 50 months. If you can earn 7 percent on your money, what is this prize worth to you today? Multiple Choice $21,629.93 $18,411.06 $21,338.40 $20,333.33 $19,450.25
You just won the grand prize in a national writing contest As your prize, you will...

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 eam 11 percent APR on your money. what is this prize worth to you today? O A $11,778.46
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...

6. You just won the lottery! As your prize you will receive $1,200 a month starting in one month for 96 months (8 y...

6. You just won the lottery! As your prize you will receive $1,200 a month starting in one month for 96 months (8 years). If you can earn 8% on your money, what is this prize worth to you today?
QUESTION 7 You have won the grand prize in a contest! The prize is $25,000 per...

QUESTION 7 You have won the grand prize in a contest! The prize is $25,000 per year paid each year for 10 years. How much would your receive if you choose instead to receive a cash payout now if the interest rate is 4%? $ 168,900 $ 300,152.50 O$ 250,000 $ 202,772.50
1. Congratulations. You have just won a sweepstakes prize. The prize allows you to choose the...

1. Congratulations. You have just won a sweepstakes prize. The prize allows you to choose the method of payment. Prize A: Receive $10000 today. Prize B: Receive $1000 today, followed by the amount of $1000 received at the end of each year for the next 15 years beginning one year from today. Which alternative you will choose at the interest rate stays at 8%? a. Prize A b. Prize B

Assume that you have just won $5,000,000 in the lottery and will receive $250,000 per year...

Assume that you have just won $5,000,000 in the lottery and will receive $250,000 per year for the next 20 years. How much is your prize worth today if the interest rate is 8%? Select one: a. $1,072,731 b. $2,454,525 c. $2,185,219 d. $1,165,250

14. You just won first place in a CUNY essay writing contest, and as your prize,...

Homework Answers

Add Answer to:
14. You just won first place in a CUNY essay writing contest, and as your prize,...

Post as a guest

Earn Coins

you just won the grand prize in a national writing contest as your prize you will...

You just won the grand prize in a national writing contest! As your prize, you will...

You just won the grand prize in a national writing contest! As your prize, you will...

You just won the grand prize in a national writing contest! As your prize, you will...

You just won the grand prize in a national writing contest As your prize, you will...

Question 6 You just won the grand prize in a national writing contest! As your prize,...

6. You just won the lottery! As your prize you will receive $1,200 a month starting in one month for 96 months (8 y...

QUESTION 7 You have won the grand prize in a contest! The prize is $25,000 per...

1. Congratulations. You have just won a sweepstakes prize. The prize allows you to choose the...

Assume that you have just won $5,000,000 in the lottery and will receive $250,000 per year...

14. You just won first place in a CUNY essay writing contest, and as your prize,...

Homework Answers

Add Answer to: 14. You just won first place in a CUNY essay writing contest, and as your prize,...

Post as a guest

Earn Coins

Add Answer to:
14. You just won first place in a CUNY essay writing contest, and as your prize,...