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dedylja [7]
3 years ago
14

Congratulations, you've won the lottery! The jackpot was $10,000,000, and you have an important choice to make. You can either t

ake your winnings in annual payments of $500,000 spread out over 20 payments (with the first payment coming immediately and then at the end of each year for the next 19 years), or you can take a one-time payment of $6,600,000 right now. What is the present value of your winnings if you opt for the annual payments and the market interest rate is 5%
Business
1 answer:
denpristay [2]3 years ago
8 0

Answer:

$6,542,660.43

Explanation:

Present value is the sum of discounted cash flows

Present value can be calculated using a financial calculator

Cash flow each year from year 0 to 19 = $500,000

I = 5%

PV = $6,542,660.43

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.

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r-ruslan [8.4K]

Answer:a) Will give you less opportunities than a career starting right away

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Explanation:

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3 years ago
Which of the following are examples of how everyday people use the skill of technology in their daily skills
Vitek1552 [10]

The sentence that depicts the examples of how everyday people use the skill of technology in their daily skills is option E. All of these are examples of how everyday people use the skill of technology in their daily skills

<h3>What is technology?</h3>

Technology is the result of compiled knowledge and application of skills, methods, and processes used in industrial production and scientific research. Technology is found in the operation of all machines, with or without detailed knowledge of their function, for the intended purpose of an organization.

Therefore the correct answer is option E. All of these are examples of how everyday people use the skill of technology in their daily skills

The complete question goes thus:

Which of the following are examples of how everyday people use the skill of technology in their daily skills

A. Paying bills online

B.Checking email on their phone

C.Scanning a transportation card on the subway

D.Taking this online class

E. All of these are examples of how everyday people use the skill of technology in their daily skills

learn more about technology: brainly.com/question/25110079

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6 0
2 years ago
Bob's best friend Mike turns 25 next week. Bob decided to purchase Mike a tablet device/e-book reader as a present. Because Bob
elixir [45]

Answer:

C. Internal search

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5 0
3 years ago
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arlik [135]
True Market Research is necessary to discover existing products
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3 years ago
_____ is an approach to personal selling that assumes that the buying process for most buyers is essentially identical and that
Setler [38]

Answer:

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3 years ago
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