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xxMikexx [17]
2 years ago
6

You just won the lottery. congratulations! the jackpot is $10,000,000, paid in eight equal annual payments. the first payment on

the lottery jackpot will be made today. in present value terms, you really won —assuming annual interest rate of 8.00%.
Business
1 answer:
USPshnik [31]2 years ago
6 0

Answer:

An annuity that pays $1,000 at the beginning of each year

PTM of the annuity selling for 2,541.15 $   437.50

Present value of the Jackpot:    $62,063,701

Explanation:

Because is at the beginning, the 1,000 will be generating interest right away.

So even the 500 at the beginning will have a slightly higher rate, it cwon't compensate the 1,000 upfront.

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One important distinguishing feature of valid arguments is that __________.
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One important distinguishing feature of valid arguments is that the conclusion is always based on the premises or follow the premises. If the premise is true then the conclusion is true. If the premise is is false, then the conclusion is false. They are valid arguments.

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Your child is planning attend summer camp for 3 months, starting 12 months from now. The cost for camp is $2,676 per month, each
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Answer:

Monthly deposit= $2,625.16

Explanation:

Giving the following information:

Total cost= 2,676*3= $8,028

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<u>First, we need to calculate the nominal value required at the end of the third month:</u>

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<u>Now, the monthly investment to reach $7,890.6:</u>

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5 0
3 years ago
Machinery was purchased for $340,000 on January 1, 2017. Freight charges amounted to $14,000 and there was a cost of $40,000 for
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Answer:

$133,600

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