How much does the lottery have to deposit in account today

Assignment Help Financial Management

Reference no: EM131852181

PV of annuity: in charge of lottery. lottery rrules says the winner are to be paid 10 million in the form of 10 annual payments of 1 million dollar each. Assuming the interest rate is 10% and the payments are to be made at the beginnung of the next years. How much does the lottery have to deposit in an account today to make the required payments to a lottery winner?

Reference no: EM131852181

Questions Cloud

Describe what you feel the song writer is trying to say : Analyze the lyrics and try to describe what you feel the song writer is trying to say - Research and include in your paper - Are the lyrics relevant to today

Brief example of company using an export strategy : Provide a brief example of a company using an export strategy.

Continuous random variable with the probability density : For n > 1, let X„ be a continuous random variable with the probability density function

Explain proposed implementation plan with outcome measures : Explain Proposed implementation plan with outcome measures. Appendix section, if tables, graphs, surveys, educational materials, etc. are created.

How much does the lottery have to deposit in account today : How much does the lottery have to deposit in an account today to make the required payments to a lottery winner?

Should critics of police use of force be made to participate : Do you think exposing civilians to use of force scenarios and training helps society understand the decision making process officers engage in?

Explain how increasing the retention ratio : Explain how Increasing the Retention Ratio, Decreasing the Accounts Receivables, Increasing the Accounts Payable

Review problem on annotated bibliography : Annotated Bibliography: As part of your Doctoral Seminar for this set of weeks, you are participating in a seminar-style discussion about the weekly topics.

Determine the boundary equations : If the base of an N-story building is allowed to rotate against a resisting spring KB. as shown in Fig. P9.39, determine the boundary equations

User Account

All Pages