You just won the grand prize in a national writing contest! As your prize, you will receive $510 a month for 48 months. If you can earn 5.2 percent on your money, what is this prize worth to you today?

Q: You've run out of money for college, and your college roommate has an idea for you. He offers to…

A: Interest is calculated in two ways simple interest which is calculated on the principal amount for…

Q: just landed a great part-time internship with a local firm that will pay you a stipend of $24,000…

A: Present value is the equivalent value of future money today based on the time value of…

Q: Congratulations, you just won the lottery! As the winner, you will receive payments of $2 million at…

A: The present value of an annuity due is the calculation used to determine the current value of a…

Q: After graduating from Eastern, you have gotten an extremely good job that you enjoy. Your plan is to…

A: An annuity is a series of payments compounded at a specified rate for a specified period of time to…

Q: You are offered ​$80,000 today or ​$300,000 in 11 years. Assuming that you can earn 14 percent on…

A: Choosing between $80,000 today and $300,000 in 11 years:Considering the time worth of money and the…

Q: Because you study at AUIS when you graduate, we expect you to earn $150 more a month than another…

A: Here, Earning per Month is $150 Annual Interest Rate (r) is 10% Compounding Period (m) is Semi…

Q: Suppose you are starting a PhD program. The university has agreed to waive your tuition, cover all…

A: The objective of this question is to calculate the future value of a series of monthly deposits of…

Q: When you retire, you plan to draw $50,000 per year from your retirement accounts, which will be…

A: Annuity is the no. of payments which are equal in size and made in equal interval of time. Person…

Q: As a prize, you are offered of one of the following three options: Option 1: $6,000 today, or Option…

A: Time value of money:   The value of money changes over a period time. The value of money depends on…

Q: What is the current CD (certificate of deposit rate) from your financial institution (bank) for a CD…

A: These rates are subject to change based on market conditions and the policies of our institution.…

Q: y, you graduated from high school. You are planning to go to UH starting 2 years from now after…

A: Amount required today will be the present value of future amount to be paid later based on the time…

Q: You've been awarded a scholarship that pays $220 a month for 5 years while you are in college. At a…

A: An annuity is a series of payments for a specific period. There are two types of annuities. One is a…

Q: 14. Your grandfather left you $40,000 when he died. You can invest the money to earn 9% per year. •…

A: An annuity is a financial product that provides a series of regular payments to an individual over a…

Q: Right after graduating from LSU, you get your dream - job with a starting salary $100,000 annually…

A: Starting salary = $100,000Growth rate =6%401k contributions = 15%Return on contribution = 10%Working…

Q: You have just won $1 million in Lotto. You have a choice of either receiving the cash now or in 3…

A: If I had to choose between receiving $1 million in lotto winnings now or in 3 years, I would choose…

Q: After graduation, you plan to work for Dynamo Corporation for 12 years and then start your own…

A: The FV of an investment refers to the combined value of the cash flows of the investment at a…

Q: If you put $10,000 into an investment to fund your child's college education in 18 years, how much…

A: Initial investment = $10,000 Period = 18 years Interest rate = 0.1024  Accumulated amount = ?

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: ork for a few years, and then start your grad school when you turn 26. To save up ough for your grad…

A: In financial planning the future value of deposits must be equal to present value of deposits so…

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

A: Present value is the concept that a specific amount of money to be received or paid in the future is…

Q: Frank just won the lottery! Starting one year from now, he will recieve $66, 000 per year for the…

A: Long-term investment decisions are frequently made by organizations when starting new initiatives,…

Q: You have Just won the lottery and will receive $490,000 in one year. You will receive payments for…

A: To calculate the present value we will use the below formula   Present value =…

Q: The average overall cost of a Bachelor’s degree per year is $30,500. Assuming my children are 8 and…

A: Financial planning refers to the practice of putting together a plan for the future of the…

Q: As a result of winning the Gates Energy Innovation​ Award, you are awarded a growing perpetuity. The…

A: In the financial system, perpetuity refers to a situation in which a stream of cash flow payments…

Q: Suppose you have a choice between receiving $5,000 today or $10,000 in five years. You believe you…

A: > Given data:> Present value (PV) = 5000> Interest rate (r) = 10%> Number of periods ()…

Q: Duo Corporation is evaluating a project with the following cash flows: Year Cash Flow 0 -$ 28,900 1…

A: Modified Internal Rate of Return (MIRR) is a financial metric used in capital budgeting that adjusts…

Q: You are working as a finance manager for a construction company. The company is considering to buy a…

A: The capital budgeting process is the process of selecting among various projects or capital…

Q: You just won a $625,000 lottery prize!  You will receive $25,000 per year for the next 25 years,…

A: Using present value of annuity due formulae, PV of annuity due = PMT * [1-(1/(1+r)^n)/r] * (1+r)

Q: You just accepted an offer from XYZ Petrochemical Company in Louisiana. As a sign up bonus, the XYZ…

A: According to bartleby guidelines,  if multiple questions are asked,  then 1st question needs to be…

Q: What interest (to the closest percent) must she earn in this account to achieve this financial…

A: Interest refers to the cost of money borrowed from a lender. It can be simple or compound. It is…

Q: tion, you plan to work for Dynamo Corporation for 12 years and then start your own business. You…

A: In compounding of interest there is interest on interest including interest on deposit amount due to…

Q: You intend to endow a scholarship that pays $5,000 every 6 months, starting 6 months from now. If…

A: A series of payments made at an equal interval of time for an infinite period is called perpetuity.…

Q: You just won the lottery! As your prize you will receive $2,500 a month for 10 years. If you can…

A: To calculate the prize worth today we will use the below formula   Prize worth today =…

Q: You are offered $90000 today or $380000 in 10 years. Assuming that you can earn 15 percent on your…

A: Step 1: Given that, which one should you choose for the offer value today = $90000 or Present value…

Q: Your favorite uncle wants to give each of his favorite nieces and nephews $30,000 now while he is…

A: First, convert R as a percent to r as a decimalr = R/100r = 10/100r = 0.1 rate per year,Then solve…

Q: If Wiper's stock had a price/earnings ratio of 14 at the end of 2020, what was the market price of…

A: Price-Earnings Ratio: It is the ratio used for valuing a company and shows the relationship between…

Q: You have received $200,000 from the PowerBall Lottery and want to have half that amount available…

A: Total lottary amount = $200,000 Amount required at retirement (FV) = $200,000/2 = $100,000 Interest…

Q: s a future graduate of the University of Minnesota, someday you would like to endow a scholarship…

A: Inflation is increases in prices over the period of time due to the compounding effect of the…

Q: per year for four years to go to college. Your father invested P16300 per year in a 10.163% account…

A: You must do proper planning for the future that must be done on time and within interest rate so…

Q: Jose wants to cash in his winning lottery ticket. He can either receive eight, $6,000 annual…

A: Solution:-When an equal amount is received each period at beginning of the period, it is known as…

Q: You just won the lottery! As your prize, you will receive $2,200 a month for 90 months. If you can…

A: Compound = Monthly = 12Payment = p = $2200Time = t = 90 Interest Rate = t = 7 / 12 %