Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. mr. dubofsky just won a "name that tune" contest w

Mr. Dubofsky just won a "Name That Tune" contest with a grand prize of $100,000....

50.1K

Verified Solution

Question

Finance

Mr. Dubofsky just won a "Name That Tune" contest with a grand prize of $100,000. However, the contest stipulates that the winner will receive $10,000 immediately, and $10,000 at the end of each of the next 9 years. Assuming that he can earn 10% on his money, how much has he actually won?

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

Compute the derivative of the given vector field F. Evaluate the line integral of F(x,y,z) =...

Basic Math
Q

1. Explain the following behaviour by two employees and whether it is appropriate. Sam comes from...

Programming
Q

1.what is 'polarization'? 2.explain the diffrence between 'orientation polarization' and 'distortion polarization'.

Chemistry
Q

Define the concept of sociological imagination. Provide an example of how you would apply the sociological...

Psychology
Q

Block A of mass 1 kg is hanging at rest from a vertical spring of...

Physics
Q

Answer each question below Estimate any irrational answers to one decimal place 3 Find the...

Geometry
Q

Find the area of the composite figure 1 111 6 yd 8 yd 12 yd...

Geometry
Q

Find the most general antiderivative of the function Check your answer by differentiation Use C...

Calculus
Q

Fat Cows Ltd, management is concerned about the company profitability. They have approached you to...

Accounting
Q

Auerbach Inc. issued 4% bonds on October 1, 2021. The bonds have a maturity date...

Accounting
Q

Astro Co. vendi 20 400 unidades de su nico producto e incurri en una prdida...

Accounting
Q

Page 3 Q3. Same front ratio spread as in Q2. (Q2. Underlying at 4620. 4275...

Accounting