This topic contains a solution. Click here to go to the answer

Author Question: You win the lottery and must decide how to take the payout. Use an 8% discount rate for all parts of ... (Read 67 times)

karlynnae

  • Hero Member
  • *****
  • Posts: 599
You win the lottery and must decide how to take the payout.  Use an 8% discount rate for all parts of this question.

Required:
1.  What is the present value of $10,000 a year received at the end of each of the next six years?
2.  What is the present value of taking a $50,000 lump sum now?
3.  What is the present value of a $85,000 lump sum taken in 7 years?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by karlynnae on Jan 5, 2020

SomethingSomething

  • Sr. Member
  • ****
  • Posts: 323
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 55% of students answer this correctly




karlynnae

  • Member
  • Posts: 599
Reply 2 on: Jan 5, 2020
Great answer, keep it coming :)


jordangronback

  • Member
  • Posts: 339
Reply 3 on: Yesterday
Gracias!

 

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

For a complete list of videos, visit our video library