Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Present Value of any Onlay you win 50,000,000 in the state try. The 50.000.000 current interest to determine the pre s e of your winning

image text in transcribed

Present Value of any Onlay you win 50,000,000 in the state try. The 50.000.000 current interest to determine the pre s e of your winning of each year beginning on December of this year the will be paid in equal intents of 250,000 over eight years. The payments will be made on December the present valuable in 7. Round to the whole ole Review the time value of money concertel het themelue of more com recepices that cash received today is worth more than the mount of cash to be received in the future Exhibit 7 Present Value of an Annuity of $1 at Compound Interest Periods 4% 4 % 5% 5 % 6% 6%% 0.96154 0.95694 0.95238 0.94787 0.94340 0.93897 1.896091.87267 1.85941 1.84632 1.833391.82063 2.77509 2.74896 2.72325 2.69793 2.67301 2.64848 3,62990 3.58753 3.54595 3.50515 3,46511 3.42580 445182 4.38998 4.32948 4.27028 4.21236 4.15568 5.24214 5.157875.07569 4.99553 4.917324.84101 6.002055.89270 5.78637 5.68297 5.58238 5.48452 6.73274 6595896.46321 633457 6.209796.08875 7.43533 726879 7.10782 6.95220 6.801696.65610 8.11090 7.91272 7.721737537637.360097.18893 7% 10% 11% 12% 13% 093458 0.90909 0 90090 0.89286 0.88496 1.80802 1.73554 1.71252 1.69005 1.66810 2.62432 248685244371240183 236115 3,38721 3.16987 3.10245 3 ,03735 2.97447 4.10020 3.79079 3.69590 3.60478 351723 4.76654 4.35526 4.23054 4.11141 3.99755 5.389294.86842 4.71220 4.56376 4.42261 5.97130 5.33493 5.14612 4.96764 4.79677 6.51523 5.759025 .53705 5.32825 5.13166 7.02358 6.14457 5.88923 5.650225.42624 10

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting Tools for business decision making

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

6th Edition

978-0470477144, 1118096894, 9781118214657, 470477148, 111821465X, 978-1118096895

More Books

Students also viewed these Accounting questions