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

Author Question: The state lottery has just informed you that you have won $1 million to be paid out in the amount of ... (Read 94 times)

plus1

  • Hero Member
  • *****
  • Posts: 676
on: Apr 12, 2019

The state lottery has just informed you that you have won $1 million to be paid out in the amount of $50,000 per year for the next 20 years. With a discount rate of 12%, what is the present value of your winnings?


◦ $221,950
◦ $398,150
◦ $373,450
◦ $392,150
Personal Finance ¦ Madura ¦ 6th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by plus1 on Apr 12, 2019

mcarey591

  • Sr. Member
  • ****
  • Posts: 365
Reply #1 on: Apr 12, 2019
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 29% of students answer this correctly


plus1

  • Hero Member
  • *****
  • Posts: 676
Reply #2 on: Apr 12, 2019
Thank you!


mcarey591

  • Sr. Member
  • ****
  • Posts: 365
Reply #3 on: Apr 12, 2019
Always glad to help...


« previous next »
 

Did you know?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Using outgroups to infer the ancestral state Using outgroups to infer the ancestral state
Bone marrow transplant. A bone marrow transplant is usually extracted from red bone marrow within a Bone marrow transplant. A bone marrow transplant is usually extracted from red bone marrow within a
Structure of retroviral genomes in the integrated state Structure of retroviral genomes in the integrated state
Reconstruction Drawing Of The Citadel At Mycenae At Its Most Developed State Reconstruction Drawing Of The Citadel At Mycenae At Its Most Developed State
Earth 240 Million Years Ago Earth 240 Million Years Ago
Earth 200 Million Years Ago Earth 200 Million Years Ago
Video: Amniocentesis and CVS Animation

For a complete list of videos, visit our video library