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
Marta_Voda [28]
3 years ago
7

Dorothy Taylor has won a state lottery and will receive a payment of $93,000 every year, starting today, for the next 20 years.

If she invests the proceeds at a rate of 5.76 percent, what is the present value of the cash flows that she will receive? (Round factor values to 4 decimal places, e.g. 1.5212 and final answer to nearest whole dollar, e.g. 5275.)

Business
2 answers:
Firlakuza [10]3 years ago
8 0

Answer: The answer is $1,092,865.5426

To the nearest whole dollar, we have:

$1,092,866

Explanation: from the question above, we will be calculating the present value of a cashflow of $93,000 over a period of 20 years, at a rate of 5.76%.

We will be performing a discounting operation.

Refer to the attached files below to see the calculations and how we arrived at the answer above.

NISA [10]3 years ago
8 0

Answer: $30,342

Explanation:

Given the following ;

Cash flow per period = $93,000

Rate = 5.76%

Years = 20

Using the formula

pv = (C) ÷ (1 + r) ^n

Where,

pv = present value

C = cash flow at first period =$93,000

r = rate = 5.76% = 0.0576

n = period = 20years

pv = (93,000) ÷ (1 + 0.0576)^20

pv = 93000 ÷ (1.0576)^20

pv = 93000 ÷ 3.0650

pv = $30,342

You might be interested in
Consider the economy of Athenia. In 2018, Athenia has a GDP of $100 billion and a net national debt of $50 billion. Over the nex
k0ka [10]

Answer:

Note: after an online research I found the questions. Comparing the debt ratios and analyze the causes of change.

Explanation:

Athenia’s debt ratio in 2018 is 50 % ( 50/100)

Athenia ‘s debt raiot in 2023 is 45.8% ( 55/120)

During this period, Economy of Athenia has increased larger than the debt. Hence, debt to GDP ratio has declined.

thus, the ratios changed because the economy grew a higher than the national debt.

7 0
3 years ago
Read 2 more answers
PLEASE HELP ME
zloy xaker [14]
I would say b, c, and d
3 0
3 years ago
6.
romanna [79]

Answer:

This may help you to solve it

3 0
2 years ago
If a company is studying the decision processes and actions of people who purchase and use products, the company is focusing on
krok68 [10]
Consumer buying behavior.
3 0
2 years ago
Paul White, the CFO of Crane Automotive, Inc., is putting together this year's financial statements. He has gathered the followi
IrinaVladis [17]

Answer: $170,421

Explanation:

Using the Accounting equation;

Assets = Liabilities + Equity

Assets = Cash + Inventory + Goodwill and other assets + Net plant and equipment + Accounts receivable + Other current assets

= 23,015 + 212,300 + 78,656 + 713,500 + 141,258 + 11,223

= $1,179,952

Equity

= Common stock + Retained earnings

= 313,000 + 512,159

= $‭825,159‬

Liabilities = Assets - Equity

Current Liabilities + Long term debt = Assets - Equity

Long term debt = Assets - Equity - Current Liabilities

= 1,179,952 - ‭825,159‬ - (163,257 + 21,115)

= $170,421

6 0
3 years ago
Other questions:
  • Knowledge about challenges specific to the operations function can help marketing personnel to judge how _____________ new produ
    13·1 answer
  • A b2b buy-side marketplace typically uses what kind of auction
    11·1 answer
  • Write 15 sentences paragraph on yur favorite book​,film or documentary
    6·2 answers
  • Calculate the price of a 5.2 % coupon bond with 18 years left to maturity and a market interest rate of 4.6 %.(Assume interest p
    5·1 answer
  • The purchase of common stock gives the holder (a) rights to residual cash flows (b) access to monthly Board of Director’s meetin
    13·2 answers
  • A customer has opened a margin account and has signed both the hypothecation agreement and the loan consent agreement. The broke
    8·1 answer
  • During March, XYZ Inc. transferred $50,000 from Work in Process to Finished Goods and recorded a Cost of Goods Sold of $56,000.
    10·1 answer
  • Which two ways is productivity commonly measured? (Select two answers.) Number of workersAge of workersHours of laborLevel of ed
    11·1 answer
  • Information needed by external entities in order to evaluate business performance is provided by:
    12·1 answer
  • charles was a relatively new and inexperienced leader assigned to an experienced workgroup with long-standing performance norms
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!