Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 31, 2024

You win the lottery and must decide how to take the payout. Use a 10% discount rate. What is the present value of $19,000 a

You win the lottery and must decide how to take the payout. Use a 10% discount rate. What is the present value of $19,000 a year received at the end of each of the next five years? FF: (Click the icon to view the present value of $1 table.) (Click the icon to view the present value of annuity of $1 table.) O A. $146,718 O B. $95.000 O C. $72,029 OD. $11,799

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions

Question

Where is the position?

Answered: 1 week ago

Question

★★★★★

During the summer between his junior and senior years, James Cook needed to earn sufficient money for the coming academic year. Unable to obtain a job with a reasonable salary, he decided to try the...

Answered: 1 week ago

Question

★★★★★

Need help with this assignment to create an app in the console for an airplane to let customers choose their preferred seating. Any help appreciated, thanks Assignment: A small airline has just...

Answered: 1 week ago

Question

★★★★★

Question 35 The original investment in a project was $65,978. The project has a life of ten years and the company requires a 10% rate of return on all investments. The annual net income was $23,438....

Answered: 1 week ago

Question

★★★★★

In a survey of 1050 U.S. adults, 588 said that chocolate was their favorite ice cream flavor. Construct a 95% CI for the population proportion of U.S. adults who say chocolate is their favorite ice...

Answered: 1 week ago

Question

★★★★★

7. You elect extended payment of a student loan at 4.14% APR, and your monthly payment is $493.11. What would your monthly payment be on this loan if you elected standard repayment instead?

Answered: 1 week ago

Question

★★★★★

Assumingthatthecodegeneratorpolynomialis g ( x )=1+ x 2 + x 3 fora(7,4)code,findthelinear block code generator matrix G and the parity check matrix H .For a message m = 1011find the transmitted code...

Answered: 1 week ago

Question

★★★★★

Imperial Jewelers manufactures and sells a gold bracelet for $189.95. The company's accounting system says that the unit product cost for this bracelet is $149.00 as shown below: Direct materials...

Answered: 1 week ago

Question

★★★★★

What are domestic and/or international attention due to Parkes Elvis festival media coverage?

Answered: 1 week ago

Previous Question Next Question