Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please help! I will thumbs up!! You win the lotery and must decide how to take the payout. Use a 6% discount rate. What is
Please help! I will thumbs up!! You win the lotery and must decide how to take the payout. Use a 6% discount rate. What is the present value of $13.000 a year received at the end of each of the next eight years? Present Value of $1 Periods56789104%0.8220.7900.7600.7310.7030.6765%0.7470.7050.6650.6270.5920.5588%0.6810.6300.5930.5400.5000.46310%0.6210.5640.5130.4670.4240.38612%0.5670.5070.4520.4040.3610.322 You win the lottery and must decide how to take the payout. Use a 6% discount rate. What is the present value of $ A. $8,151 B. $55,419 A. $8,151 B. $55,419 C. $80,730 D. $104,000
Please help! I will thumbs up!!
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started