Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. (present value) the state lottery's milion-dollar

(Present value) The state lottery's milion-dollar payout provides for $2 million(s) to be paid over...

90.2K

Verified Solution

Question

Finance

image
(Present value) The state lottery's milion-dollar payout provides for $2 million(s) to be paid over 24 years in 25 payments of $80,000. The first $80,000 payment is made immediately, and the 24 remaining $80,000 payments occur at the end of each of the next 24 years. If 8 percent is the appropriate discount rate, What is the present value of this stream of cash flows? If 16 percent is the appropriate discount rate, what is the present value of the cash flows? a. If 8 percent is the appropriate discount rite, what is the present value of this stream of cash flows? (Ropnd to the nearest cont.)

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

1) Organizations do not operate in a vacuum and are subject to governmental regulation. This is...

Finance
Q

Describe C4 photosynthesis. Why is it important?

Biology
Q

Photosynthesis relies on assemblies of molecules that work in tandem to produce energy from water and...

Physics
Q

In a population of 5000 individuals, 600 newborns are produced annually and 800 individuals die...

Biology
Q

Which of the following is NOT a way to name the line OA JI OB...

Geometry
Q

20 TV advertising agencies face increasing challenges in reaching audience members because viewing TV programs...

Statistics
Q

5 Find the area of the a u 2ij b u 8i 2j 3k v...

Calculus
Q

4 5 6 7 8 9 10 1 Solve the equations and check your solution...

Algebra
Q

B. Prepare an unclassified balance sheet as it would appear at December 31,...

Accounting
Q

Arrivals at a fast-food restaurant follow a Poisson distribution with a mean arrival rate of...

Accounting
Q

NACUBO organization. Describe in your own words the reason this organization exists, what impact it...

Accounting
Q

Green Manufacturing Company produces a product that has variable cost of 70 per unit Fixed...

Accounting