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
lara [203]
3 years ago
11

You just won the lottery, which promises you $260,000 per year for the next 20 years, starting today (annuity due). If your disc

ount rate is 7%, what is the present value of your winnings?
Business
1 answer:
Gekata [30.6K]3 years ago
4 0

Answer:

the present value of your winnings will be $2,947,254.76.

Explanation:

The Present Value, PV of the Annuity due can be calculated as follows :

Pmt = $260,000

P/yr = 1

n = 20

r = 7%

Fv = $0

Pv = ?

Using a financial Calculator, the Present Value, PV of the Annuity due is $2,947,254.76

You might be interested in
A registered representative has left a firm and joined another. The new firm must obtain a copy of the form u-5 filled out by th
Paraphin [41]

The new firm obtains a copy of the form from the new employee and from FINRA's Central Registration Depository.

A firm is a for-income enterprise, commonly fashioned as a partnership that offers expert services, which include legal or accounting services. The concept of the firm posits that companies exist to maximize profits.

A firm is an enterprise that seeks to make a profit thru the sale of products and offerings. The time period firm is synonymous with enterprise or corporation. Firms can function beneath numerous special systems, together with sole proprietorships and companies.

The adjective company describes something this is strong and unwavering. if your top-notch Aunt Martha had a firm notion that kids need to be visible and now not heard, you and your siblings might have spent your early life using her loopy. something this is stable can also be defined as firm.

Learn more about firms here brainly.com/question/24448358

#SPJ4

7 0
2 years ago
Gerald received a one-third capital and profit (loss) interest in XYZ Limited Partnership (LP). In exchange for this interest, G
olchik [2.2K]

Answer:

The appropriate answer is "$9,300".

Explanation:

The given values are:

FMV,

= $31,000

Adjusted basis,

= $15,500

Encumbered mortgage,

= $9,300

Now,

The Gerald's outside basis will be:

= Adjusted \ basis-Encumbered \ mortgage+Share \ of \ mortgage

On substituting the given values, we get

= 15,500 - 9,300+(\frac{9,300}{3})

= 15,500 - 9,300 + 3,100

= 18,600-9,300

= 9,300 ($)

7 0
3 years ago
The main risk in a strategic alliance is that? a. critical employees will be hired away by the strategic partne
Evgesh-ka [11]

Strategic alliances generally include the risk of one partner will make advantage of the other's information to strengthen its own competitive position.

A strategic alliance is an agreement between two businesses to work together on a project that will benefit both parties while maintaining their individual freedom. Compared to a joint venture, which sees two companies combine resources to form a new company, the arrangement is simpler and less legally enforceable.

The collaboration between Spotify and Uber is a well-known example of a strategic alliance. Due to their strategic partnership, Uber customers may log in to Spotify and listen to their favorite music while riding.

To learn more about Strategic alliance

brainly.com/question/14014533

#SPJ4

8 0
1 year ago
Who is Bill Gates and where does he live or stay​
Firdavs [7]
Bill Gates (1955-), is a well-known American entrepreneur, investor. Gates launched Microsoft and has been on the Forbes since 1987. He was born and raised in Seattle, Washington and still currently lives in Seattle.
3 0
3 years ago
Read 2 more answers
Give a Brief history from subsistence economy to money economy.<br> Please Help ASAP. Please
Rus_ich [418]

Answer:

Explantation to the following question is as follows;

Explanation:

A subsistence economy frequently engages in artisans fisheries, labor-intensive agriculture, and animal grazing. Handmade, basic tools and traditional procedures are used in each of these undertakings. The absence of excess is another feature of subsistence economies.

Money is an economic entity that serves as a universally accepted means of trade in a transactional economy. Money performs the function of lowering transaction costs, namely the twofold coincidence of desires.

5 0
3 years ago
Other questions:
  • Farmco just paid its annual dividend of $.32 per share. The dividends are expected to grow at 25 percent annually for the next 4
    6·1 answer
  • Consider the case of Demed Inc.: Demed Inc. has 9% annual coupon bonds that are callable and have 18 years left until maturity.
    15·1 answer
  • Firm BUS106 now has 100,000 shares of common stock outstanding, and the total market value of equity equals $5,000,000. It also
    14·2 answers
  • Mueller Company sold merchandise costing $120,000 for $240,000. Mueller estimates that merchandise costing $5,000 will be return
    12·1 answer
  • Research indicates that corporations using cross-national teams, whose members have international experience and communicate fre
    10·1 answer
  • What gender bias do you know of in media?
    7·2 answers
  • Retail Music, Inc., offers to buy from Super Products Corporation (SPC) 1,000 blank CDs of a certain brand. Without notifying Re
    14·1 answer
  • On January 1, 2018, the Accounts Receivable and the Allowance for Doubtful Accounts balances of Kendall Company were $40,000 and
    15·1 answer
  • Under what conditions does servant leadership fail to have a positive impact on followers?
    10·1 answer
  • JOURNAL ENTRIES<br>cash withdrawn by the owner for private use Rs. 25000 <br>PLEASE HELP . ​
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!