Jake won $350,000 in the lottery! He will receive $35,000 each year at the beginning of each of the discounted rate of 5%, what is the present value of the lottery winnings? $0.00 ANSWER Number of Years Number of Periods/Year Number of Periods Annual Interest Rate Interest Rate/Period Payment Future Value Type (0=END; 1=BEG) Present Value

Jake won $350,000 in the lottery! He will receive $35,000 each year at the beginning of each of the discounted rate of 5%, what is the present value of the lottery winnings? $0.00 ANSWER Number of Years Number of Periods/Year Number of Periods Annual Interest Rate Interest Rate/Period Payment Future Value Type (0=END; 1=BEG) Present Value

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Similar questions

Bill Padley expects to invest $15,000 for 5 years, after which he wants to receive $22,039.50. What rate of interest must Padley earn? (PV of $1. FV of $1. PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) Future Value Present Value Table Factor Interest Rate %
Present Value of an Annuity On January 1, you win $1,900,000 in the state lottery. The $1,900,000 prize will be paid in equal installments of $190,000 over 10 years. The payments will be made on December 31 of each year, beginning on December 31. If the current interest rate is 7%, determine the present value of your winnings. Use the present value tables in Exhibit 7. Round to the nearest whole dollar.$fill in the blank 1
Nikulbhai
You won a lottery of $1,000,000. Office offered two options: the first one you can take it today a $500,000 today (after tax), or the second option: $50,000 per year for the rest of your life (you are 20 and expected to live a long time, like 200…) if the interest rate is 10%. What is the value of the second option today?
You have just won the lottery and will receive $520,000 in one year. You will receive payments for 26 years, and the payments will increase 4 percent per year. If the appropriate discount rate is 12 percent, what is the present value of your winnings?
Answer the questions ASAP.
Bill Padley expects to invest $6,000 for 3 years, after which he wants to receive $6,945.60. What rate of interest must Padley earn? (PV of $1. EV of $1. PVA of $1. and EVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) Future Value Present Value Table Factor Interest Rate %
You won $100 000. 00 in a lottery and you want to set some of that sum aside for10 years. After 10 years, you would like to receive $2400.00 at the end of every3 months for 8 years. How much of your winnings must you set aside if interestis 5.5% compounded quarterly?
d If you put up $31,000 today in exchange for a 5.25 percent, 15-year annuity, what will the annual cash flow be? Multiple Choice $465,000.22 $2,066.67 $3,037.29 $1,409.79
You just won a special lottery which will entitle you to an annual payment $45000 for 10 years, but the first payment won't start until 5 years later (i.e. 1st payment at the end of the 5th year). If you plan to immediately deposit every payment into an annuity product that gives you 5.62% APR with annual compounding, how much is your account balance at the end of the lottery payment plan (i.e. when you receive the last payment)?
You won $100 000 in a lottery and you want to set some of that sum aside for 10 years. After 10 years, you would like to receive $2400 at the end of every 3 months for 8 years. How much of your winnings must you set aside if interest is 5.5% compounded quarterly?

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