This topic contains a solution. Click here to go to the answer

Author Question: Ty was seriously injured in a planking accident. He successfully sued the railway company and was ... (Read 51 times)

sheilaspns

  • Hero Member
  • *****
  • Posts: 567
Ty was seriously injured in a planking accident. He successfully sued the railway company and was awarded $700,000. The railway cannot afford to pay the lump sum immediately and would prefer to make ten annual payments (at the end of each of the next ten years). If the interest rate is 10%, then what size of payment makes Ty indifferent between the lump-sum and the payments?
◦ $113,921.78
◦ $70,000.00
◦ $73,907.45
◦ $109,074.06
◦ $102,862.66


Related Topics

Need homework help now?

Ask unlimited questions for free

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

matt95

  • Sr. Member
  • ****
  • Posts: 317
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




sheilaspns

  • Member
  • Posts: 567
Reply 2 on: Apr 25, 2021
Gracias!


kswal303

  • Member
  • Posts: 316
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

The longest a person has survived after a heart transplant is 24 years.

For a complete list of videos, visit our video library