You have just received notification that you have won the $2.16 million first prize in the Centennial Lottery. However, the prize will be awarded on your 100th birthday (assuming you're around to collect), 64 years from now.
What is the present value of your windfall if the appropriate discount rate is 9 percent?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “You have just received notification that you have won the $2.16 million first prize in the Centennial Lottery. However, the prize will be ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Given a normal market supply curve for mp3 players, if the nightly news reports that loud music increases hearing loss, then there is a/an increase in supply for mp3 players. increase in quantity supplied of mp3 players.
Answers (1)
Wyckam Manufacturing Inc. has provided the following information concerning its manufacturing costs: Fixed Cost per Month Cost per Machine-Hour Direct materials $ 5.70 Direct labor $ 42,900 Supplies $ 0.10 Utilities $ 1,400 $ 0.
Answers (1)
To provide realistic special effects, production studios need to hire scientists and mathematicians. What other production activities could studios engage in if they didn't hire these mathematicians and scientists?
Answers (2)
Explain the importants of marketing segmentation
Answers (1)
A company has only two divisions: Division A and Division B. Last year, Division A made 60% of the company's total revenue and Division B made 40% of the total revenue.
Answers (2)
New Questions in Business
Now consider a strangle using the same call with a strike price of $100 and a different put with a strike price of $95. Both have the same expiration date.
Answers (1)
Mullineaux Corporation has a target capital structure of 70 percent common stock and 30 percent debt. Its costs of equity is 15 percent, and the cost of debt is 8 Percent. The relevant tax rate is 35 percent.
Answers (1)
That the total dollar amount of the debits equals the total dollar amount of the credits in the ledger accounts can be verified through a (n) a. balance sheet b. trial balance c. chart of accounts d. income statement
Answers (1)
Coronado Shoes Fool Inc. is involved in litigation regarding a faulty product sold in a prior year. The company has consulted with its attorney and determined that it is possible that they may lose the case.
Answers (1)
Suppose during 2014 that Federal Express reported the following information (in millions) : net sales of $35,497 and net income of $98.
Answers (2)