Answer:
Answer is $6,079,058.25
Explanation:
This is a simple present value problem.
Present value of annuity shows the worth of annual payments which is present.
As per the given statement, grand prize of lottery is $10 million. This is payable over 20 years at $500,000 per year. The interest rate is 6%.
To find the real worth of the grand prize, each $5 million payment must be "brought back" to their current value at a 6% per year rate.
N = 20; PMT = 500,000; FV = 0 ; I = 6% ; Payments in BEGIN mode.
PV= Cash flow/ (1+rate of return) to the power n
PV will be addedc exponential power 20 times giving answer as $6,079,058.25
Hence, PV = $6,079,058.25
Answer:
I think the answer is net pay
Personally if I were to answer this base on my own polite opinion, if a document reaches me, and it requires me to perform some action, I would do it immediately if it <span>seems important but not urgent.
The answer is letter B then.</span>
Answer:
When you diversify your investments, you reduce the amount of risk you're exposed to in order to maximize your returns. Although there are certain risks you can't avoid, such as systemic risks, you can hedge against unsystematic risks like business or financial risks.
