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

Author Question: Penny just won the state lottery that offers a choice of payments. She may opt for either receiving ... (Read 161 times)

joesmith1212

  • Hero Member
  • *****
  • Posts: 549
on: Apr 25, 2021
Penny just won the state lottery that offers a choice of payments. She may opt for either receiving $1,000,000 today or $2,000,000 at the end of ten years. If she can invest her funds at 5% annually, which is the better choice?
◦ The later payment since $1,000,000 invested at 5% for ten years will be worth $1,500,000.
◦ The immediate payment since the present value of the $2,000,000 payment is $1,200,000.
◦ The earlier payment since the future value of $1,000,000 in ten years is $1,628,894.
◦ The earlier payment since the present value of the $2,000,000 payment is $876,000.
◦ The later payment since the present value of the $2,000,000 payment is $1,227,827.
Corporate Finance Online ¦ Eakins, McNally ¦ 2nd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by joesmith1212 on Apr 25, 2021

kingfahad97

  • Sr. Member
  • ****
  • Posts: 308
Reply #1 on: Apr 25, 2021
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 58% of students answer this correctly


joesmith1212

  • Member
  • Posts: 549
Reply 2 on: Apr 25, 2021
Gracias!

marict

  • Member
  • Posts: 304
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

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
Collapse of State Trooper Cave’s Roof Collapse of State Trooper Cave’s Roof
Choose the telephone unit that offers the features needed in your office. Choose the telephone unit that offers the features needed in your office.
How to calculate regular payments or deposits using the annuity formula (Question 2) How to calculate regular payments or deposits using the annuity formula (Question 2)
Biology multiple choice Biology multiple choice
Which of the buffers below would be the BEST choice for making a solution capable of buffering ... Which of the buffers below would be the BEST choice for making a solution capable of buffering ...
Video: Introduction to Epilepsy

For a complete list of videos, visit our video library