Solved: What is the present value of your winnings, Finance Basics

+44 141 628 6080
[email protected]

What is the present value of your winnings

Question: You have just received notification that you have won the $1.4 million first prize in the Centennial Lottery. However, the prize will be awarded on your 100th birthday, 78 years from now. The appropriate discount rate is 8 percent. What is the present value of your winnings?

Solution Preview :

Prepared by a verified Expert

Finance Basics: What is the present value of your winnings

Reference No:- TGS01832531

Now Priced at $25 (50% Discount)

Recommended (99%)

Rated (4.3/5)

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Finance Basics

Q : Analyzing financial statements for kansas city

What are the immediate financial strengths and vulnerabilities? Consider the sources of revenues, i.e. contributions, earned income, investment income.

Q : Calculate strickler cash conversion cycle

1) Calculate Strickler's cash conversion cycle.2) Assuming Strickler holds negligible amounts of cash and marketable securities, calculate total assets turnover

Q : Explain the methods for conducting the experiment

You will design a research study proposal to examine some aspect of human development. You may select any topic that is of interest to you

Q : Ethnocentric staffing policies in international operations

Why do you think Japanese companies prefer to have Japanese in top management positions? Would you recommend a change in this policy?

Q : What is the present value of your winnings

The appropriate discount rate is 8 percent. What is the present value of your winnings?

Q : Treatment of eating disorders

The vast majority of patients seeking treatment for an eating disorder do not meet full DSM criteria. What are the implications for diagnosis and treatment

Q : What are the major ethical issues

A large part of ethics deals with the possibility of differing opinions on an ethical issue or problem. Many healthcare facilities use ethics committees

Q : What annual rental payment would you have to charge

what annual rental payment would you have to charge?

Q : Argue for or against the death with dignity act

The Terri Schiavo case drew strong opinions on both ends of the ethical spectrum with regard to a patient's right to sign an advanced directive

1950486

Questions
Asked

3,689

Active Tutors

1443778

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Asked Questions

What is a behavioral indicator related to family

Which of the following is a behavioral indicator related to Family? A) Developing school readiness and transition strategies B) Developing collaborative

Examine historical literature to the most current period

Examine historical literature to the most current period to see the growth of romanticism and EXISTENTIALISM. any major developments

How do you define being an adult

Based on information provided in Ch. 11 & 12, how do you define "being an adult"?

Problem regarding the america youth and social media

Think about where you were the most and least engaged when reading a classmate's draft. Think about what captured your attention

Problem concerning consensual sexual relationship

Question: Jena and Ben are employees of Big City Electronics. They began to have a consensual sexual relationship.

How we perceive objects in the real world

Suppose that a group of researchers would like to explore how we perceive objects in the real world, rather than just in a laboratory

Is lifespan psychologists are unlikely to investigate

Lifespan psychologists are unlikely to investigate both changes as well as consistencies that exist in different individuals'