Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. congratulations! you have won a state lottery. the

Congratulations! You have won a state lottery. The state lottery ofters you the following (after-tax)...

90.2K

Verified Solution

Question

Accounting

image
Congratulations! You have won a state lottery. The state lottery ofters you the following (after-tax) payout options (Click the icon to view the payout options.) (Click the icon to view Present Value of $1 table) (Click the icon to view Present Value of Ordinary Annuity of $1 table.) (Click the icon to view Future Value of $1 table.) (Click the icon to view Future Value of Ordinary Annuity of $1 lable.) Assuming you can earn 12% on your funds, which option would you prefer? The present value of the payout is (Round your answers to the nearest whole dollar) Present value of the payout, Option #1 Data table Option \#1: $14,000,000 after five years Option \#2: $2,300,000 per year for five years Option \#3: $13,000,000 after three years

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

A triangular pyramid is sliced by a plane parallel to the base What is the...

Geometry
Q

Fill in the Venn diagram with the appropriate numbers based on the following information n...

Basic Math
Q

A researcher expects that a newly developed shoe used by a sample of n =...

Statistics
Q

Write an augmented matrix ror tre syorc 4x 7y 9z 4 0 3x 5y 4z...

Algebra
Q

La cuenta de inventario de trabajo en proceso de una empresa manufacturera tiene un saldo...

Accounting
Q

Susan deposits $5,000 into a money-market account earning 7% per year, and keeps depositing twice...

Accounting
Q

Santana Rey, owner of Business Solutions, decides to prepare a statement of cash flows for...

Accounting
Q

Bombur Corp. is a printing firm. Each month, Bombur Corp. can print at most 40,000...

Accounting
Q

True or false: A Loan to Value of 1.31 is considered acceptable. True or false:...

Finance
Q

Questions 31-40 are four (4) points each. Your employer, Kent, LLC, is considering an investment...

Finance
Q

Ciark Company issued $110,900 of 10 -year, 7% bonds payable on January 1. 2024. Clank...

Accounting
Q

Current Ratio 2.4 to 1 Acid-Test Ratio 2 1 to 1 Current Liabilities $400.000 Inventory...

Finance