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
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%

You might be interested in
What do you need to make land and natural resources?
svetoff [14.1K]

Answer:

Composta casera : mejora plantas y suelos a costos económicos con materiales accesibles

Coloca una capa de paja de 30 cm de altura a lo largo de la cama y encima restos de jardinería, viruta o aserrín, desechos de hortalizas. ...

Agrega una capa de 15 cm. de restos de comida o de jardinería.

Explanation:

4 0
2 years ago
50 points
Anna11 [10]
I would go with D because it makes more sense
8 0
2 years ago
Alfred owned a term life insurance policy at the time he was diagnosed with a terminal illness. After paying $18,300 in premiums
iVinArrow [24]

Answer:

$0

Explanation:

Alfred paid in premiums = $18,300

company paid Alfred = $125,000

Alfred died after 18 months, then,

Company collected the face amount of the policy = $150,000

Sale of policy = [ company compensation - premium paid]

                       = $125,000 - $18,300

                       = $106,700

In this situation, Alfred receives the submission price from the insurance company consequential in profit.

There is no gain in the income of the insurance policy that is purchased by the Alfred for the long term.

That's why he is not required to include the amount of sale of policy i.e. $106,700.

Hence, Alfred required to include in his gross income will be zero ($0).

3 0
3 years ago
Why do people care about their social status?
Elza [17]

Answer:

because they could be very popular

Explanation:

can you give brainliest

7 0
2 years ago
Edelman Engines has $18 billion in total assets — of which cash and equivalents total $120 million. Its balance sheet shows $2.7
Levart [38]

Answer:

Market/Book Ratio = 1.92 times

EV/EBITDA = 13.65 times

Explanation:

As for the information provided,

EBITDA = $1.794 billion

The value of common equity in books = $7.2 billion

Outstanding shares = 300 million

Share price per share = $46

Therefore, market value of common equity = $46 \times 300 million

= $13.8 billion

Therefore, market/book ratio = $13.8 billion/$7.2 billion

= 1.9167 times

EV represents enterprise value which is the market value of equity + total debt - cash and cash equivalents

= $13.8 billion + $8.1 billion + $2.7 billion - 0.120 billion

= $24.48 billion

EV/EBITDA = $24.48 billion/$1.794 billion = 13.65 times

4 0
2 years ago
Other questions:
  • Parker & Stone, Inc., is looking at setting up a new manufacturing plant in South Park to produce garden tools. The company
    14·1 answer
  • Kankakee Cosmetics Company is planning a one-month campaign for December to promote sales of one of its two cosmetics products.
    7·1 answer
  • A market-oriented organization targets its products at "everybody" or "the average customer."
    14·1 answer
  • The following two assets and payout data are given​ below: Asset A​: Pays a return of​ $2,000 20% of the time and​ $500 80% of t
    8·1 answer
  • Standard costs are used in the calculation of: Multiple Choice Quantity and sales variances. Price variances only. Price, quanti
    6·1 answer
  • ________________ mortgage is two or more mortgages consolidated into one payment, and is usually designed to allow the buyer to
    8·1 answer
  • This year Ed celebrated his 25th year as an employee of Designer Jeans Company. In recognition of his long and loyal service, th
    7·1 answer
  • As you will see from this agreement, there are different a.p.r.s applied based on how the credit card is used. which transaction
    8·1 answer
  • 40! Points it’s an easy question !!!!!
    13·1 answer
  • If a policy change causes a pareto improvement, is the outcome necessarily pareto efficient? if a policy change causes a pareto
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!