How much is lottery prize worth today

Assignment Help Financial Management
Reference no: EM131981666

At an interest rate of 14 percent annually, how long will it take for a $1,000 to double? To triple? (Round your answers to 2 decimal places.)

You just won the $41 million lottery. You will receive $1.8 million a year for the next 15 years plus an additional payment of $14 million at the end of 15 years. The interest rate is 11 percent.

How much is your lottery prize worth today? (Enter your answer as a positive number rounded to 2 decimal places.)

Reference no: EM131981666

Questions Cloud

What is the equilibrium wage and labor input : If a marginal tax rate of 10% of labor income replaces a lump sum tax what is the new labor input and equilibrium wage.
Describe the status of the brain at the selected phase : The brain goes through many changes as we age. Select and examine a developmental phase (infancy, childhood, adolescence, adulthood and old age).
Early-bird check-in : What was Southwest's main goal in introducing the early-bird check-in?
Explain effective communication norms in a business setting : Describe the role of interpersonal communication both as a manager and as an employee.Explain effective communication norms in a business setting.
How much is lottery prize worth today : How much is your lottery prize worth today?
Should martin luther consider as anti-judaic or anti-semitic : Feel free to expand on the bibliography provided for each topic. Should Martin Luther be considered as anti-judaic or anti-semitic? Why?
Price of automobile will rise : If there is surplus of automobile in the market, then the price of automobile will rise. True or false. Explain with the use of graph(s).
Describe any special ethical and sociocultural issues : Analyze challenges related to assessing individuals in your assigned age group and describe any special ethical and sociocultural issues which must be.
Evolution of a project management system : Identify relevant methods and tools associated with traditional project management;Emerging factors associated with project success;

Reviews

Write a Review

Financial Management Questions & Answers

  Calculate the arithmetic mean hpr and the geometric mean

Calculate the arithmetic mean HPR, the standard deviation of the HPRs, and the geometric mean for each fund. Which fund contained more risk per unit of return?

  Appropriate to use the collateral to secure loan

List examples of each type of collateral and explain what types of loans would be appropriate to use the collateral to secure a loan

  Determine how much you will have accumulated in the account

Assume you have $2,500 to invest today at 5% interest compounded annually. Determine how much you will have accumulated in the account at the end of:

  Assisted drilling system for oil exploration business

The Wildcat Oil Company is trying to decide whether to lease or buy a new computer-assisted drilling system for its oil exploration business.

  Annual payments-interest rate on the underlying mortgages

Given a MPT with a starting pool balance of $1,000,000, whose underlying collateral is a group of 10 year FRMs with annual payments, interest rate on the underlying mortgages=10%, servicing fees=0.5%, and prepayment projected to be 10% annually, what..

  What are your disbursement-collection and net floats

What are your disbursement, collection, and net floats?

  Reduce its dividend growth rate

Storico Co just paid a dividend of $2.65 per share. The company will increase its dividend by 20 percent next year and will then reduce its dividend growth rate by 5 percentage points per year until it reaches the industry average of 5 percent divide..

  Basic financial principles is that the value of any asset

One of the basic financial principles is that the value of any asset (whether it be a stock, a bond, or a firm as a whole) is the present value of that asset’s future cash flows. As you learned in this chapter, finding present values requires determi..

  What is its invoice price

What is its invoice price when there are 3.99 years to maturity?

  Corporation limited partnership general partnership

Which of the following business organization set-ups has most potential liability for all owner(s)? corporation limited partnership general partnership

  Best hedge your interest rate risk on this trade

You are a swap dealer, and you have just paid the fixed rate (and received 3 month LIBOR) on a 5-year interest rate swap. Both the Eurodollar futures market and the Treasury market are very liquid today. Qualitatively (no numbers) what transaction(s)..

  Money laundering and anti money laundering.

Compare and contrast the following with examples each money laundering and anti money laundering.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd