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
Ksju [112]
3 years ago
8

You have just received notification that you have won the $3 million first prize in the Centennial Lottery. However, the prize w

ill be awarded on your 100th birthday (assuming you’re around to collect), 66 years from now.
What is the present value of your windfall if the appropriate discount rate is 10 percent?

PV = $__________________________
Business
1 answer:
son4ous [18]3 years ago
8 0

Answer:

The present value of your windfall if the appropriate discount rate is 10 percent is $5,562

Explanation:

Amount of Prize = $3,000,000

number of year = 66 years

Discount Rate = 10%

use following formula to calculate the Present value of Lottery prize

Present Value = Future value / ( 1 + discount rate )^number of years

PV = FV / ( 1 + r )^n

PV = $3,000,000 / ( 1 + 0.10 )^66

PV = $3,000,000 x ( 1 + 0.10 )^-66

PV = $3,000,000 x ( 1.10 )^-66

PV = $5,561.65

PV = $5,562

You might be interested in
On June 1, 2021, Royal Property Management entered into a one-year contract to oversee leasing and maintenance for an apartment
bekas [8.4K]

Answer:

$9,041

Explanation:

The computation of the total amount of revenue Royal should recognize on contracts in November of 2021 is shown below:-

Revenue to be recognized for 4 months = $62,000 × 4 ÷ 12

= $20,667

Total Fees = $62,000 + ($62,000 x 15%)

= $71,300

Revenue recognized at the end of November

= $71,300 × 5 ÷ 12

= $29,708

Revenue recognized in November of 2021

= Revenue recognized at the end of November  - Revenue to be recognized for 4 months

= $29,708 - $20,667

= $9,041

7 0
3 years ago
The following relates to a proposed equipment purchase: Cost $ 157,000 Salvage value $ 5,000 Estimated useful life 4 years Annua
Kruka [31]

Answer:

$14,850

Explanation:

Depreciable amount = $158,000 - $5,000 = $153,000

Annual depreciation = $38,250

Annual net income = $53,100 - $38,250 = $14,850.

Therefore, the annual net income amount used to calculate the accounting rate of return is $14,850

4 0
3 years ago
Discount-Mart issues $10 million in bonds on January 1, 2018. The bonds have a ten-year term and pay interest semiannually on Ju
Ostrovityanka [42]

Answer:

6%

Explanation:

Given the following :

Amount of bond issued = $10,000,000

Cash paid = $300,000

Term of bond = 10years

Semiannual interest pay

The stated annual rate of interest on the bond can be calculated thus :

Rate of interest ;

Cash paid / Amount of bond issued

$300,000 / $10,000,000

= 0.03

0.03 * 100%

= 3% (semiannual interest)

Therefore, annual rate of interest :

Semiannual rate * 2

3% * 2 = 6%

4 0
3 years ago
A rumor is circulating that ridicules a new employee, accusing him of having typos in his latest slide presentation. You overhea
aliina [53]
The step that should taken action of this is to have your co-workers to ask whether if they have an actual evidence of this incident. They should not talk about other employees when they don't even know what the real story behind it and if ever they have anything that they are trouble to, they should seek someone who will be of assistance to them to fix the problem.
3 0
2 years ago
The first step in strategy implementation involves articulating in simple language what a particular business must do to create
jarptica [38.1K]

In the strategy implementation stage, there are certain things done to create and sustain a competitive advantage and this involves the definition of strategic goals.

<h3>What is Competitive Advantage?</h3>

This refers to the business situation whereby a company is able to outperform its competition.

Hence, we can see that when making strategic planning and implementation, there is the planning and making of contingencies for a meeting of set company goals to enhance the competitive advantage.

Read more about competitive advantages here:
brainly.com/question/26514848

5 0
2 years ago
Other questions:
  • Gross Investment $18
    9·1 answer
  • Inventory managers at SYX Enterprises utilize an inventory coetrol system where materials are scheduled to arrive just as they a
    14·1 answer
  • Your inspection of a house's _______ relates to the condition of the roof.
    7·1 answer
  • What was the opening price of Dow Jones Industrial Average on May 30, 2017 in the format of XXXXX.XX?
    12·1 answer
  • Use the net FUTA tax rate of 0.6% on the first $7,000 of taxable wages.
    15·1 answer
  • If the marginal propensity to consume is 0.5​, then the multiplier is 2 and the ​$25 billion increase in government spending wou
    6·1 answer
  • While almost everyone purchases toothpaste, not everyone buys the same toothpaste. Even a single brand can have several variants
    5·2 answers
  • List some ways (at least two (2)) to get money INTO your checking account.
    7·1 answer
  • Which ics functional area establishes tactics and directs.
    6·1 answer
  • The question are on the picture...can someone help me ?​
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!