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
Leni [432]
3 years ago
6

Shelley wants to cash in her winning lottery ticket. She can either receive eight $100,000 semiannual payments starting today, o

r she can receive a single-amount payment today based on a 6% annual interest rate. What is the single-amount payment she can receive today?
Business
1 answer:
Aleksandr-060686 [28]3 years ago
6 0

Answer:

single-amount payment $925,160

Explanation:

Given data:

Amount $100,000

Rate 6%

interest semi annually 3%

Number of period 5

Lumpsum Payment = A\times {PVAF@ I,n}

                                = A\times {PVAF@ 3\%,5}

calculation for PVAF

PVAF @ I,N =\frac{(1-(1+I)^-N)}{I}

[email protected] 3%,5 = \frac{(1-(1+0.03)^{-5})}{0.03}

                          =4.58

                   

Lumpsum Payment =202000*4.58

                               =925160

You might be interested in
Assume that Parker Co. will receive SF200,000 in 360 days. Assume the following interest rates: U.S. Switzerland 360-day borrowi
frez [133]

Answer:

d. $96,914

Explanation:

Parker Co. can execute money market hedge in following steps:

(1) Parker Co. pledges Receivable of SF200,000 to borrow SF190,476 with rate 5% in Switzerland; SF190,476 = SF200,000/ (1+5%)

so it has to pay interest expense of SF9,524 in 360 days. The receivable of SF200,000 is enough for both principal and interest in 360 days.

(2) Then it sells SF190,476 at spot rate $0.48 to get $91,428

(3) Then it deposits $91,428 in US with rate 6% to get back $96,914 in 360 days ; $96,914 = $91,428 * (1+6%)

3 0
4 years ago
Investment X offers to pay you $6,900 per year for 9 years, whereas Investment Y offers to pay you $9,300 per year for 5 years.
Oliga [24]

Answer:

$44,955.10

$38,131.84

Explanation:

Present value is the sum of discounted cash flows

Present value can be calculated using a financial calculator

Investment X

Cash flow each year from year 1 to 9 = $6900

I = 7%

PV = $44,955.10

Investment Y

Cash flow each year from year 1 to 5 = $9300

I = 7%

PV = $38,131.84

To find the PV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

3. Press compute  

7 0
3 years ago
High income countries with larger governments as a share of gdp have generally
Scorpion4ik [409]

Answer: High income countries with larger governments as a share of GDP have generally grown at a slower rate than the countries with smaller governments.

Explanation: Developing countries or countries with less money typically grow at a faster rate than higher income countries because returns related to capital are not as strong. In richer countries, they have higher capital and tend to grow at a slower rate.

5 0
3 years ago
Which lists the order of Energy Career Pathways from the source to the customer?
Goshia [24]

The answer is A the first path is a worker in energy generation, followed by energy transmission, and the final passage is energy distribution.

<h2>Further Explanation:</h2>

The career pathways are a set of profession step in professional work. The path for people who work in energy-related practice is started.

1. Energy generation: The energy such as electrical power comes from the various resource, it could be from the solar panel, gas, or old fossil electrical plant. The career here can be an engineer, the researcher.

2. Energy transmission: Transmission in electrical power is a process from the resource of where the electricity is generated into the final destination where the power is distributed.

3. Energy distribution: The distribution is the last passage where the energy is distributed to the micro organization such as household, firm, supermarket, and many others.

<h2>Details</h2>

Material : Business

Sub chapter : Career pathways

<h2>Know more </h2>

How the energy is transmitted brainly.com/question/11548873

8 0
3 years ago
Read 2 more answers
Sunland Company has the following account balances: Sales Revenue $226,700, Sales Discounts $4,410, Cost of Goods Sold $129,600,
Kaylis [27]

Answer and Explanation:

The Journal entry is shown below:-

1. Sales revenue Dr,  $226,700

        To Income revenue $226,700

(Being close accounts with credit income balances is recorded)

2. Income revenue Dr, $134,010

         To Sales discount $4,410

         To Cost of goods sold $129,600

(Being close accounts with debit expenses account is recorded)

8 0
3 years ago
Other questions:
  • How are the FAFSA, SAR, and EFC related?
    5·1 answer
  • The following transactions occur for Badger Biking Company during the month of June: Provide services to customers on account fo
    7·1 answer
  • Southern Foods just paid an annual dividend of $2.10 a share. Management estimates the dividend will increase by 11 percent a ye
    12·1 answer
  • Higher interest rates result in less borrowing as ________ business projects become viable for a profit.
    7·1 answer
  • Which statement is true about the gross profit method of inventory valuation?
    9·1 answer
  • What is an externality? how do externalities relate to socially optimal quantity?
    7·1 answer
  • At the beginning of the year (January 1), Buffalo Drilling has $11,000 of common stock outstanding and retained earnings of $6,9
    7·1 answer
  • The Behavior Analyst goes to the individual's residence to conduct a behavior
    13·1 answer
  • many of the most important factors that shape a negotiation result do not occur during the negotiation, but occur after the part
    6·1 answer
  • When a company evaluates the profit/potential of its customers, what group of customers would be considered as key targets?.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!