Here's a question  you and 11 coworkers won 19 million which is 1,583,333.33 each from a lottery. If we are assuming you each received your share over 18 years and state lottery earns a 6 percent return on its funds , what is the present value of your prize before taxes if you request the up front cash option? Round answer to nearest dollar

Q: On January 1 you win $800,000 in the state lottery. The $800,000 prize will be paid in equal…

A: PV stands for the Present Value, which is defined as the current value of the future amount of money…

Q: Jake won $350,000 in the lottery! He will receive $35,000 each year at the beginning of each of the…

A: The objective of this question is to calculate the present value of Jake's lottery winnings. The…

Q: Congratulations. You just won the California State Lottery. The amount awarded is paid in 20 equal…

A: Present value:Present value refers to the concept in finance and economics that assigns a lower…

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A: 3. Sum the Present ValuesFinally, the total present value (PV) of the winnings is the sum of the…

Q: You have just won the Multi-State Lottery. You have the option of receiving a check for $35,000,000…

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Q: Your friend just won the lottery. He has a choice of receiving $100,000 at the end of each year for…

A: Annuity refers to a stream of cash flows that occur on a periodic basis. The amount of each cash…

Q: Suppose a state lottery prize is to be paid in 25 payments of $360,000 each at the end of each of…

A: Annuity refers to the periodic payment or receipt of cash flow. The annuity period usually…

Q: On January 1 you win $1,900,000 in the state lottery. The $1,900,000 prize will be paid in equal…

A: Present value: This is the amount of future value reduced or discounted at a rate of interest till…

Q: On January 1, you win $50,000,000 in the state lottery. The $50,000,000 prize will be paid in equal…

A: Present value of future cash inflow discounted at 12% is the present value of your winnings

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A: The formula to compute present value of annuity as follows: Present value of annuity=Monthly…

Q: . Lottery Winnings The winner of a “million dollar”lottery is to receive $50,000 plus $50,000 at…

A: present value of annuity (PVA)=A×1-11+rnr A=annuity r=rate of interest n=number of years

Q: You have just won the Powerball Lottery with a jackpot of $329,000,000. No one else had the winning…

A: The optimal financial decision involves choosing the most advantageous method when faced with…

Q: What is the present value?

A: Present value means the present worth of the money to be received or paid in the future…

Q: Marcus has won a $6,000,000 state lottery. He can take his prize as either 15 yearly payments of…

A: State Lottery amount=  $ 6,000,000 Marcus has won this lottery amount.So, that option which gives…

Q: On January 1, you win $4,800,000 in the state lottery. The $4,800,000 prize will be paid in equal…

A: Present value of winnings = Annual installments x Present value factor (6%, 10 years)

Q: Sima has won the Wisconsin lottery with a jackpot of $10,000,000. She will be paid out in 20 equal…

A: The present value is the today's worth of future money at a given interest rate. If there is no…

Q: * The Powerball Lottery, worth $280 million, was won by a single individual. The winner was given…

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Q: On January 1, you win $50,000,000 in the state lottery. The $50,000,000 prize will be paid in equal…

A: NPV is also known as Net present value. It is a capital budgeting techniques which help in decision…

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A: The time value of money refers to the concept which describes the money present today as more…

Q: On January 1, you win $2,500,000 in the state lottery. The $2,500,000 prize will be paid in equal…

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A: Given Amount of deposit $2500. rate 8.5% for 20 years.

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A: 1.Annual income$1.50 millionAnnual discount rate12%State tax8.50%Federal tax39.60%Number of years29…

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Q: Use TVM keys, N, I/Y, PV, PMT, FV Phil Nelson won the $750,000 lottery and would like to be paid in…

A: An annuity refers to a series of equal payments made at regular intervals.The Present Value (PV) of…

Q: You won a $2,000,000 lottery that pays out $125548 every year for 11 years. If the lottery makes the…

A: True value of prize means present value of all payments made for 11 years which is called annuity.…

Q: 1. You recently won a lottery and have the option of receiving one of the following three prizes:…

A: Annuity is the series of equal cash payments over the period.

Q: You and 11 coworkers just won $14 million ($1, 166,666.67 each) from the state lottery. Assuming you…

A: The present value is the current value of the cash flow. It can be determined by discounting it with…

Q: You have just received notification that you have won the $2.19 million first prize in the…

A: Present value is current value of future cash flow discounted at an appropriate discount rate; in…

Q: The top prize for the state lottery is $114,100,000. You have decided it is time for you to take a…

A: Present value is an estimate of the present value of future cash values ​​that may be received at a…

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A: To compare the options, we need to determine the PV of the annuity stream using the formula below:In…

Q: You've just won the "I'm Feelin' Lucky Sweepstakes!! They offer two payout choices: 1) $500,000 now…

A: The time value of money refers to the core principle of finance which lays the foundation of valuing…

Q: What is the fair value of the lottery payments according to the Financial Accounting Standards Board…

A: According to the financial accounting standards board (FASB), The fair and present value of the…

Q: answer must be correct or i will give down vote  Congratulations! You have just won the Super…

A: Step 1: Identify the Present Value (PV) of the Lump Sum PaymentLump sum payment: $10.5 millionStep…

Q: Suppose you played a number picking game from the Lottery. Your lucky numbers are your five most…

A: This is a case of annuity and we have to find the present value of this annuity. As the payments are…

Q: On January 1. you win $60.000.000 in the state lottery. The $60.000.000 prize will be paid in equal…

A: PLEASE LIKE THE ANSWER, YOUR RESPONSE MATTERS  Solution:  Present value of winnings:  Payment…

Q: On January 1, you win $46,000,000 in the state lottery. The $46,000,000 prize will be paid in equal…

A: Present value is the worth of future cash flows at a discounted rate.

Q: 3: A lottery winner has a decision between a lump sum of $1,000,000 or a 20 year annuity of $100,000…

A: The lump sum amount is $1,000,000. The annual payment is $100,000. The rate of interest is 5%. The…

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A: To determine the present value of the payout for Option #1, where you receive $14,000,000 annually…

Q: Jake won $350,000 in the lottery! He will receive $35,000 each year at the beginning of each of the…

A: The objective of this question is to calculate the present value of the lottery winnings. The…

Q: perpetual equivalent annual worth

A: Annual worth refers to the net of all the benefits and the expenses which are incurred in the…