How much amount will collect

Assignment Help Finance Basics

Reference no: EM132043965

Question: A Port Glasgow student is celebrating today after winning a fantastic $2,543,000 Lotto jackpot in last Wednesday's draw - only a week after she dreamt she would win the lottery. Mother-of-one, Kerri Cartwright (28), is studying for an HNC in Administration and IT at James Watts College and works part time at Port Glasgow Golf Club. It was because of daughter, Stephani (3), that Kerri bought a ticket in the first place. Kerri has decided to collect all her winnings right away instead of 20 annual installments. Using a rate of 9.5%, how much will she collect? (Recall that for each million the winner would get $50,000)

Reference no: EM132043965

Questions Cloud

Matching principle integral to the healthcare industry : Why are the revenue recognition principle and the matching principle integral to the healthcare industry?

What will be the balance in the retained earnings account : Pluto's has 14,000 shares of stock outstanding with a par value of $1 per share. The market value is $39.60 per share. The balance sheet shows $522,500.

Determine what is the expected return on the portfolio : You own a portfolio that has $2,100 invested in Stock A and $3,200 invested in Stock B. Assume the expected returns on these stocks are 11 percent.

Change in net operating working capital : The change in net operating working capital during the year was $73 million. WWC's free cash flow for the year was $190 million.

How much amount will collect : A Port Glasgow student is celebrating today after winning a fantastic $2,543,000 Lotto jackpot in last Wednesday's draw - only a week after she dreamt.

What is an enterprise resource planning system : What is an enterprise resource planning system, and how does this system help companies utilize accounting data?

What functions do they perform : What are the accounting and finance positions within a typical large company, and what functions do they perform?

How long will take the population to triple : If the population of a particular country is growing at 2.4% compounded continuously, how long will it take the population to triple?

Calculate the beginning-of-year balance for long-term debt : The end-of-year balance for long-term debt was $315 million. Calculate the beginning-of-year balance for long-term debt.

User Account

All Pages