1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
user100 [1]
3 years ago
13

9. Assume that you just won $35 million in the Florida lottery, and hence the state will pay you 20 annual payments of $1.75 mil

lion each beginning immediately. If the rate of return on securities of similar risk to the lottery earning (e.g, the rate on 20 year US Treasury bonds) is 6 percent, what is the present value of your winning
Business
1 answer:
Morgarella [4.7K]3 years ago
8 0

Answer:

$11.47 million

Explanation:

The present value of an annuity is determined by:

PV = P*[\frac{1-(1+r)^{-n}}{r}]

With annual payments (P) of $1.75 million, for a period (n) of 20 years at a discount rate (r) of 6 percent, the present value is:

<u />PV = 1.75*[\frac{1-(1+0.06)^{-20}}{0.06}]\\PV=\$11.47\ million<u />

The present value of your winning is $11.47 million

You might be interested in
Place and convenience are connected by a core linkage. While GoPro was able to get the product into locations where customers co
Serggg [28]

Question Completion with Options:

a. ignore convenience stores in its distribution network.

b. deliver fewer cameras than were needed during a holiday season.

c. miss the customer connection by emphasizing place over convenience.

d. exert too much power in the distribution network.

Answer:

GoPro

production problems forced it to

b. deliver fewer cameras than were needed during a holiday season.

Explanation:

Shortages are avoided by producers as much as possible in order not to cause disequilibrium in the market.  Shortages are not the same as scarcity.  They are temporary setbacks when the quantity demanded outstrips the quantity supplied at the equilibrium market price.  The backlashes result in lost sales and revenue for suppliers.  Shortages may clear ways for competitors to enter the market to meet the unsatisfied demand.

5 0
3 years ago
Active trading in markets and competition among securities analysts helps ensure that: I. Security prices approach informational
Anika [276]

Answer:

The answer is: All the options are correct (I, II and III)

Explanation:

The larger the number of individuals (e.g. securities analysts, investors) who are informed about the price system of securities, the prices of securities will approach informational efficiency.

When the system approaches informational efficiency, you can determine which securities are riskier than others. Therefore you can price riskier securities so that they offer higher expected returns.

The other positive effect of informational efficacy is that investors can determine which securities are undervalued or overvalued.

8 0
3 years ago
Which of the following is a disadvantage of being a private limited company?
inysia [295]
The most likely answer here is B
6 0
3 years ago
Lynn Bernerd, Inc., manufactures and sells reclining furniture. The company currently operates in the United States but wishes t
xeze [42]

Answer:

E) Trading company

Explanation:

In international trade, trading companies are basically wholesalers that work at an international level. They usually purchase products from different businesses and then resell them to local retail businesses or sometimes final consumers (less common). Trading companies generally enter a exclusive distribution agreement with the manufacturer per region or country that they operate in.

3 0
3 years ago
!!50 Points answer quickly!!
Olin [163]

Answer:

i think it's

jesse

jesse

jesse

Explanation:

7 0
2 years ago
Other questions:
  • A work center uses kanban containers that hold 200 parts. To produce enough parts to fill a container, 60 minutes of setup plus
    13·1 answer
  • Describe the personal assets that are protected under Chapter 13. Describe the basic eligibility requirements for filing under C
    7·1 answer
  • Macy Corporation's relevant range of activity is 4,000 units to 8,000 units. When it produces and sells 6,000 units, its average
    10·1 answer
  • Mary’s hourly wage is twice that of John’s. John’s and Dennis’ hourly wages together total $60. If Dennis earns 1/3 of John’s ra
    14·1 answer
  • United Trans Service jet costs $ 55.000.000 and is expected to fly 500.000.000 miles during its 8​-year life. Residual value is
    6·1 answer
  • Consider a project with the following data: accounting break-even quantity = 19,500 units; cash break-even quantity = 17,500 uni
    8·1 answer
  • Given the following production plan, use a chase production strategy to compute the monthly production, ending inventory/(backlo
    14·1 answer
  • Your Company makes and sells a single product. Each unit sells for $32 dollars and has a unit variable cost of $20. The company
    8·1 answer
  • At December 31, 2017, Mallory, Inc., reported in its balance sheet a net loss of $12 million related to its postretirement benef
    9·1 answer
  • An example of _____ is causing panic selling by telling people that value in a neighborhood will decline due to the purchase of
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!