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
emmainna [20.7K]
3 years ago
6

You just won a state lottery! The lottery offers you a choice: you may choose a lump sum today, or $89 million in 26 equal annua

l installments at the end of each year. Assume the funds can be invested (yield) at an annual rate of 7.65%. What is the lump sum that would equal the present value of the annual installments
Business
1 answer:
deff fn [24]3 years ago
7 0

Answer:

the lump sum that would equal the present value of the annual installments is $38,163,612

Explanation:

The computation of the lumspum amount is as follows;

= Cash flow × (1 - (1 + rate of interest)^-number of years) ÷ rate of interest)

= $89 million × (1 - (1 + 0.0765)^-26) ÷ 0.0765)

= $38,163,612

Hence, the lump sum that would equal the present value of the annual installments is $38,163,612

Therefore the above is calculated by applying the given formula

You might be interested in
You are a stringer for your local newspaper, covering local sports events. For a special football spread, you have taken video f
AVprozaik [17]
<h2>DVD or Portable hard disk or Pen drive would be the right choice to share the video files.</h2>

Explanation:

Dear Sir,

I have an eye-catching content for our local news paper. The content is about "Football game event" scheduled today. I have taken photos and videos pertaining to the event and I am sharing it in the form of "hard drive". The best photos and videos which would be apt for the news paper are selected and shared through hard disk. I hope it would be good resource. Kindly accept.

Regards,

(Name)

Evaluating options or pointers:

Photo / video should be neat and not shaky. You can share photos through google drive too if the size is reasonable.

Photos / videos should have been captured in such a way that it attracts readers and project the significant of the event.

Storage options: Listed in the first line.

5 0
2 years ago
Yuhhhhhhhhhhhhhhhhhhhhhhhhhhh
inysia [295]

Answer:

yeeeeeeet

Explanation:

6 0
2 years ago
Read 2 more answers
Refer to the data for Pennewell Publishing Inc. (PP). Assume that PP is considering changing from its original capital structure
Mnenie [13.5K]

Answer:

$57.69 per share

Explanation:

The computation of the  stock price per share immediately after issuing the debt but prior to the repurchase is shown below

Price per share = Value of equity ÷ number of Shares

where,

Value of equity is

= Value of operations + T-bills value - Debt value

= $576,923 + $259,615 - $259,615

= $576,923

And, the number of shares is 10,000 shares

So, the price per share is

= $576,923 ÷ 10,000 shares

= $57.69 per share

We simply applied the above formula

6 0
3 years ago
A bicycle repair company conducted segmentation research and then targeted their direct mail coupons for a first bike tune-up to
Kamila [148]

Answer:

Who am I trying to reach?

Explanation:

Targeting and segmentation is the process by which a company focuses marketing activities regarding a particular product to a defined customer profile.

Certain criteria like income, age, location, culture and so on can be used as a basis for segmentation.

Basically the question that segmentation and targeting answers is - Who am I trying to reach?

In the given scenario the bicycle repair company conducted segmentation research and then targeted their direct mail coupons for a first bike tune-up to that identified customer segment.

So they answered who they want to sell to.

8 0
3 years ago
A cost that remains fixed over limited ranges of volumes but changes by a lump sum when volume changes occur outside these limit
Reil [10]

Answer:

Variable cost

Explanation:

because sometimes companies set fixed price to other product

6 0
2 years ago
Other questions:
  • If an automobile manufacturer discovers a potentially hazardous defect in the product, the subsequent recall of the vehicles is
    6·1 answer
  • 4 documents required by the department of trade and industry when registering a private company
    6·1 answer
  • Parking in passing require coordination of many different driving skills combined with a continuous blank come over here now bef
    13·1 answer
  • XYZ Company uses an allowance method to account for bad debts. It estimates that 5% of the accounts receivable will be uncollect
    12·1 answer
  • Isabelle, customer relations manager at future tools, inc., must inform her clients of a 25 percent price increase for all servi
    8·1 answer
  • Which of the scenarios are examples of free-riding?
    13·1 answer
  • Transfer prices are _____. A. costs of the segment producing the product or service B. revenues of the segment acquiring the pro
    6·1 answer
  • How can the US of new technology in industry benefit workers
    6·1 answer
  • One of the growers is excited by the price increase caused by the blight because he believes it will increase revenue in this ma
    7·1 answer
  • Regulatory policy requires a balance between protecting safety and.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!