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
jok3333 [9.3K]
2 years ago
11

Winners of the Georgia Lotto drawing are given the choice of receiving the winning amount divided equally over years or as a​ lu

mp-sum cash option amount. The cash option amount is determined by discounting the annual winning payment at ​% over years. This week the lottery is worth ​$ million to a single winner. What would the cash option payout​ be?
Business
1 answer:
iren [92.7K]2 years ago
6 0

Based on the information given cash option payout​ is $10,570,847.19.

<h3>Cash option payout</h3>

First step is to calculate the PMT

PMT =18,000,000/19

PMT=$947,368.42

Second step is to find the cash option payout using financial calculator by imputing the below value.

PMT= -$947,368.42

FV=$0

N=19 years

I/Y= 6%

PV=?

Hence,

CPT PV=$10,570,847.19

Inconclusion the cash option payout​ is $10,570,847.19.

Learn more about cash option payout​ here:brainly.com/question/15904086

You might be interested in
Georgia, a widow, has take-home pay of $1,900 a week. her disability insurance coverage replaces 60 percent of her earnings afte
scoray [572]

Georgia will receive $17,100.

If Georgia was out of work for 19 weeks she would receive 60% of her weekly pay.

In order to calculate 60% you multiply $1,900 x .6 = $1,140.

Georgia’s Disability insurance will pay $1,140 per week after a four week waiting period. She is out for 19 weeks, so with the 4 week waiting period, she will collect benefits for 15 weeks. 15 weeks x $1,140 = $17,100 total.

5 0
3 years ago
Janelle likes to keep all her savings goals separate, so she has an account for each one, including an account to save for her c
Alexxx [7]

Answer:

Yea janelle like to keep all her savings good for her

Explanation:

5 0
4 years ago
Choose the only point on the graph that shows the equilibrium wage
a_sh-v [17]

We would need to see the graph, but the equilibrium point is where the wage paid is equal to the supply of workers. On a graph, this would be the point where the two lines intersect. That is the point where the supply of people willing to do the job at a certain rate, meets the company's demand for workers and the rate they are willing to pay.

4 0
3 years ago
It is always desirable to have a higher compounding frequency, regardless of the initial investment or the time horizon. True Fa
Katena32 [7]

Answer:

The answer is given below

Explanation:

Compounding frequency is the number of times the interest is paid in a year. A higher compounding frequency for a investment with the same initial investment and time horizon would produce more interest and profit as compared to that with a lower compounding frequency. But for a smaller initial investment or less time horizon of higher compounding frequency as compared to larger initial investment or more time horizon of lower compounding frequency, that of the lower compounding frequency is more desirable because it would produce more interest.

5 0
3 years ago
Which of the following criteria is necessary for every good meeting?
KengaRu [80]
It depends on what type of meeting it is tell me what type of meeting it is and then i might give you some things necessary :)
5 0
3 years ago
Other questions:
  • Character traits like passion, perseverance, and integrity can determine your success.
    14·1 answer
  • Presented below is information related to Coronado Company at December 31, 2017, the end of its first year of operations. Sales
    5·2 answers
  • While walking down a street, Jonathon accidentally bumps into Jessica who is highly aggressive. She starts yelling at him and hi
    14·1 answer
  • "in year 1, costello company performed $14,000 of services for a customer who paid immediately. it also incurred $6,000 of wage
    14·1 answer
  • Information that has been measured and reported in a similar manner for different enterprises is _________.
    9·1 answer
  • Economic questions always deal with:
    7·1 answer
  • [The following information applies to the questions displayed below.] On April 1, 2016, Cyclone's Backhoe Co. purchases a trench
    10·1 answer
  • 1 of 5) What does it mean to "Diversify" your portfolio?
    15·1 answer
  • Coca-Cola costs the consumer about the same as Pepsi, Dr Pepper, and other soft drinks. The soft drink industry generally follow
    12·1 answer
  • List four factors that likely contributed to the number of workers in the u. s. labor market belonging to unions declining so dr
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!