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Author Question: Current liabilities are defined as past-due debt obligations. Indicate whether the statement is ... (Read 27 times)

drink

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Current liabilities are defined as past-due debt obligations.
 
  Indicate whether the statement is true or false

Question 2

Congratulations You are the proud winner of the multi-state Sour Ball Lottery. You are to receive
  2,000,000 at the end of each year for the next 20 years.
 
  While the Lottery Commission refers to this
  as a 40,000,000 jackpot, if you choose the cash option they will give you much less than that; you
  can receive a lump sum payment today equal to the present value of the ordinary annuity instead
  of the 20 annual payments. If the discount rate that the Lottery Commission uses to determine the
  lump sum payoff is 7, what is your payoff if you select the cash option?
  A) 26,945,332 B) 42,977,401 C) 21,188,028 D) 39,707,503


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BUTTHOL369

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drink

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Reply 2 on: Jul 11, 2018
Excellent


amcvicar

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

 

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