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Schach [20]
3 years ago
5

Your girlfriend just won the Florida lottery. She has the choice of $15,000,000 today or a 20-year annuity of $1,050,000, with t

he first payment coming one year from today. What rate of return is built into the annuity?

Business
1 answer:
Makovka662 [10]3 years ago
3 0

Answer:

3.44%

Explanation:

For this question we use the RATE formula that is shown on the attachment

Data provided in the question

Present value = $15,000,000

Future value or Face value = $0

PMT = $1,050,000

NPER =  20 years

The formula is shown below:  

= Rate(NPER;PMT;-PV;FV;type)  

The present value come in negative  

So, after solving this, the rate pf the return is 3.44%

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Answer:

c

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Explanation:

See attached file for answer

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The Golden Goose is considering a project with an initial cost of $46,700. The project will produce cash inflows of $10,000 for
MrRissso [65]

The payback period is 4.06 years.

<h3>What is the payback period?</h3>

Payback calculates the amount of time it takes to recover the amount invested in a project from it cumulative cash flows

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To learn more about the payback period, please check: brainly.com/question/25716359

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The U.S. Securities and Exchange Commission periodically charges individuals with insider trading and claims those individuals h
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Answer:

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