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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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Total output increases with additional employees, although at a slower rate. a stage of production where an increase in the labor force leads to a decline in labor's marginal product. With each new unit of labor added to the mix, a company with this will produce progressively less production.

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