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Author Question: You own an oil well that will pay you $35,000 per year for9years, with the first payment being made ... (Read 51 times)

fungirl

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Question 1

You just won the lottery, and you have a choice between receiving $3,600,000 today or a9-year annuity of $510,000, with the first payment coming 1 year from today. What rate of return is built into the annuity?

5.02%


5.16%


6.43%


6.80%



Question 2

You own an oil well that will pay you $35,000 per year for9years, with the first payment being made today. If you think a fair return on the well is 8.8%, how much should you ask for if you decide to sell it?

$229,893


$230,167


$224,250


$235,463



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Marked as best answer by fungirl on Aug 7, 2023

Jaclyn92G6

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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.
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fungirl

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Reply 2 on: Aug 7, 2023
Great answer, keep it coming :)


helenmarkerine

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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