This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Stacey Trail has just won the Lotto. Her prize pays $40,000 at the end of each year for 5 years. In ... (Read 51 times)

Tiffanyanne824

  • Full Member
  • ***
  • Posts: 142
on: Feb 5, 2023
Stacey Trail has just won the Lotto. Her prize pays $40,000 at the end of each year for 5 years. In addition, she will receive a one-time payment of $240,000 at the end of 5 years. Using the following factors at 10%, what amount has Stacey really won in the Lotto?

Type of Cash FlowPeriodsInterest RateFactor
PV of $1510%0.6209
FV of $1510%1.6105
PV ordinary annuity510%3.7908
FV ordinary annuity510%6.1051
PV annuity due510%4.1699

◦ $300,653
◦ $484,204
◦ $440,000
◦ $553,317
Managerial Accounting ¦ Davis ¦ 4th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Tiffanyanne824 on Feb 5, 2023

fowlerhop@rocketmail.com

  • Full Member
  • ***
  • Posts: 139
Reply #1 on: Feb 5, 2023
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 50% of students answer this correctly


Tiffanyanne824

  • Member
  • Posts: 142
Reply 2 on: Feb 5, 2023
Excellent

tandmlomax84

  • Member
  • Posts: 323
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Part of the Hubble Ultra-Deep Field image showing a typical section of space containing galaxies int Part of the Hubble Ultra-Deep Field image showing a typical section of space containing galaxies int
Checklist of Developmental Skills: Birth to 5 years Cont. Checklist of Developmental Skills: Birth to 5 years Cont.
Adolescence: 12 years or puberty to the beginning of adulthood. Adolescence: 12 years or puberty to the beginning of adulthood.
Sample budget spreadsheet form for first year of business. Sample budget spreadsheet form for first year of business.
Prevalence of good health in Canadians aged 65 years and older Prevalence of good health in Canadians aged 65 years and older
What rate, compounded once every 3 years, is equivalent to 9% effective rate? What rate, compounded once every 3 years, is equivalent to 9% effective rate?
Video: How Hemoglobin Picks Up and Delivers Oxygen

For a complete list of videos, visit our video library