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
Dennis_Churaev [7]
3 years ago
6

A lottery claims its grand prize is $10 million, payable over 20 years at $500,000 per year. If the first payment is made immedi

ately, what is this grand prize really worth? Use an interest rate of 6%.
Social Studies
1 answer:
dybincka [34]3 years ago
3 0

Answer:

$6,079,058.25

Explanation:

This is a simple present value problem. Using a financial calculator:N  20; PMT  500,000; FV  0; I  6%; Pmts in BEGIN mode.Compute PV : PV  $6,079,058.25

You might be interested in
After following a day in the life of DJ, it was observed that making small changes in his attitude and daily routine transformed
Sever21 [200]

People can become good citizens and better serve our community and nation by implementing some positive habits into our everyday routine.

<h3>What are the daily habits of the person?</h3>

  • daily ritual: Early in the morning, I get up, works in the kitchen with my mother.
  • schedule at school: arriving on time and introducing to my students and professors, Studying effectively keeps my school tidy.
  • after-school schedule: Assist my neighbour in her business, takes the underprivileged kids' tuition for an hour.

Thus, People can become good citizens and better serve our community

For more details about daily habits of the person, click here:

brainly.com/question/9571421

#SPJ1

8 0
1 year ago
If the economy is slow, and less jobs are being created, how might that shift demand for goods and services?
Iteru [2.4K]

the economy is already slow but if this were the case less jobs = less money and less money = poor and that means you cant do anything good

6 0
2 years ago
Read 2 more answers
The temperate climate zone has four distinct seasons. explain why the tree looks different in each season?
Anit [1.1K]

Answer:

during fall and winter it is darker and trees can't make as much food . the chlorophyll is no longer in the leaves so it starts to change color

4 0
2 years ago
What is navigation????????
kati45 [8]

Answer:

the science of getting ships, aircraft, or spacecraft from place to place

Explanation:

7 0
2 years ago
Read 2 more answers
Write 10 sentences using the conjunction for, and, nor, but, or, yet, so.
Elena-2011 [213]
I love McDonald’s but I love Chick-fil-A more. I love ice cream and chicken tenders.
7 0
3 years ago
Read 2 more answers
Other questions:
  • In studies of memory, it was discovered that we lose about 75% of what we learn within the 24 hours after we "learn" it. true or
    11·1 answer
  • Which stateWhich political challenge does North Korea pose for East Asia?
    13·2 answers
  • How did Marco Polo’s voyages to China India increase Europe’s interest in a sea route to Asia?
    6·1 answer
  • A wildlife offender that violates a permit falls into which cateorgy?
    8·1 answer
  • When should people recieved Pneumococcal Vaccine
    8·1 answer
  • One student, Chris, is a true problem for Mr. Smith. Mr. Smith has heard that Chris has been arrested multiple times, beginning
    7·1 answer
  • What system of writing was developed in ancient China from an early form of writing?
    5·1 answer
  • Why international communities recognise for Republic of somaliland?​
    5·1 answer
  • If the researchers in the third study wanted to test the influence of aging on context-dependent memory effects, they could:A.sh
    5·1 answer
  • What was the process of drafting the constitution from of Nepal 2072 ?long answer and suitable​
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!