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

Author Question: You own an oil well that will pay you $35,000 per year for9years, with the first payment being made ... (Read 46 times)

fungirl

  • Full Member
  • ***
  • Posts: 162

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



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by fungirl on Aug 7, 2023

Jaclyn92G6

  • Full Member
  • ***
  • Posts: 176
    • save money with coupon codes
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

Look for coupons that come in delivers while in the email, in mags, or with in the inserts with all the Sunday forms. www.baccarat35.com



fungirl

  • Member
  • Posts: 162
Reply 2 on: Aug 7, 2023
YES! Correct, THANKS for helping me on my review


nothere

  • Member
  • Posts: 324
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

For a complete list of videos, visit our video library