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anastassius [24]
3 years ago
13

The Florida lottery agrees to pay the winner $250,000 at the end of each year for the next 20 years. What is the future value of

this lottery if you plan to put each payment in an account earning 9 percent?
Business
1 answer:
dalvyx [7]3 years ago
5 0

Answer:

FV= $12,790,029.91

Explanation:

Giving the following information:

The Florida lottery agrees to pay the winner $250,000 at the end of each year for the next 20 years. What is the future value of this lottery if you plan to put each payment in an account earning 9 percent

We need to use the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

FV= {250,000*[(1.09^20)-1]}/0.09= $12,790,029.91

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Daniel has an excellent idea to increase productivity on his assembly line. However, the original idea he sent to his superiors
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Answer: Upward distortion

Explanation:    

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3 years ago
Suppose Stuart Company has the following results related to cash flows for 2021: Net Income of $5,600,000 Increase in Accounts P
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Stuart Company

<h3>Statement of Cash Flows</h3>

For the year ended December 31, 2021,        $'000

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Depreciation                                                      1,900

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The cash flows from the operating activities section affect revenues and expenses.

They indicate the cash flows that originate from the regular business activities of the entity.

To prepare the statement of cash flows, the first items to adjust the net income are the non-cash expenses and losses and revenues and gains.

Learn more about the operating activities section at brainly.com/question/25530656

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