Business, 20.12.2019 21:31 lilsneak13

The $36.0 million lottery payment that you have just won actually pays $2.4 million per year for 15 years. the interest rate is 9%.
a. if the first payment comes in 1 year, what is the present value of the winnings? (do not round intermediate calculations. enter your answer in dollars, not millions, rounded to 2 decimal places.)
b. what is the present value if the first payment comes immediately? (do not round intermediate calculations. enter your answer in dollars, not millions, rounded to 2 decimal places.)

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 04:00

Last week paul, ceo of quality furniture in south carolina, traveled to europe to visit customers. while overseas, paul checked his e-mail daily and showed his company's website to customers, explaining how the website will them place orders and receive merchandise more quickly. after visiting the last customer friday morning, paul was able to return to the corporate office in south carolina to meet with his board of directors that night. is the "shrinking" of time and space with air travel and electronic media.

Answers: 1

Answer

Business, 22.06.2019 19:00

Andy purchases only two goods, apples (a) and kumquats (k). he has an income of $125 and can buy apples at $5 per pound and kumquats at $5 per pound. his utility function is u(a, k) = 6a + 2k. what is his marginal utility for apples and his marginal utility for kumquats? andy's marginal utility for apples (mu subscript a) is mu subscript aequals 6 and his marginal utility for kumquats (mu subscript k) is

Answers: 2

Answer

Business, 22.06.2019 22:20

Which of the following best explains why the demand for housing is more flexible than the supply? a. new housing developments are being constructed all the time. b. low interest rates for mortgages make buying a home very affordable. c. the increasing population always drives demand upwards. d. people can move more easily than producers can build new homes.

Answers: 1

Answer

Business, 23.06.2019 00:30

One of the growers is excited by this advancement because now he can sell more crops, which he believes will increase revenue in this market. as an economics student, you can use elasticities to determine whether this change in price will lead to an increase or decrease in total revenue in this market. using the midpoint method, the price elasticity of demand for soybeans between the prices of $5 and $4 per bushel is , which means demand is between these two points. therefore, you would tell the grower that his claim is because total revenue will as a result of the technological advancement.

Answers: 1

Answer

You know the right answer?

The $36.0 million lottery payment that you have just won actually pays $2.4 million per year for 15...

Questions