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

Author Question: You won the lottery and have a number of choices as to how to take the money. Which choice yields a ... (Read 75 times)

asmith134

  • Hero Member
  • *****
  • Posts: 576
on: Jan 5, 2020
You won the lottery and have a number of choices as to how to take the money. Which choice yields a greater present value?
◦ $12,000 a year at the end of each of the next 6 years using a 6% discount rate
◦ $92,000 (lump sum) 7 years from now using an 8% discount rate
◦ $84,000 (lump sum) 7 years from now using a 6% discount rate
◦ $53,500 (lump sum) now using a 6% discount rate
Managerial Accounting, Canadian Edition ¦ Braun, Tietz, Pyper ¦ 2nd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by asmith134 on Jan 5, 2020

tofugiraffe

  • Sr. Member
  • ****
  • Posts: 319
Reply #1 on: Jan 5, 2020
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


asmith134

  • Member
  • Posts: 576
Reply 2 on: Jan 5, 2020
Great answer, keep it coming :)

essyface1

  • Member
  • Posts: 347
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

The relationship between number of acres a Kipsigis man owns and the number of offspring he has duri The relationship between number of acres a Kipsigis man owns and the number of offspring he has duri
Men and women work the same number of hours a week, but men spend more time on paid work, and women ... Men and women work the same number of hours a week, but men spend more time on paid work, and women ...
Young adulthood brings the greatest number of role transitions and highest levels of demands than ... Young adulthood brings the greatest number of role transitions and highest levels of demands than ...
Decarboxylation of glutamate yields –aminobutyric acid, or GABA Decarboxylation of glutamate yields –aminobutyric acid, or GABA
Nuts are healthy choice Nuts are healthy choice
The relationship between the number of stem cell divisions in the lifetime of a given tissue and the The relationship between the number of stem cell divisions in the lifetime of a given tissue and the
Video: Types of Shock (Part 2 of 2)

For a complete list of videos, visit our video library