User Account

All Pages

How much is your lottery prize worth today

Assignment Help Accounting Basics
Reference no: EM132089038

Question: A. You just won the $40 million lottery. You will receive $1.4 million a year for the next 20 years plus an additional payment of $12 million at the end of 20 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.)

B. At an interest rate of 11 percent annually, how long will it take for a $1,000 to double? To triple? (Round your answers to 2 decimal places.)

Reference no: EM132089038

Questions Cloud

Discuss the pros and cons of one method of transmission : What concerns should be understood about data communications being sent over wireless networks?
What is the future value of a given year annuity : You have decided to start saving money for your future. What is the future value of a 16-year annuity of $1,500 per year, assuming that you make your.
What is total stockholders equity : The market value of the stock at that time was $15 per share. Following this transaction, what is total stockholders' equity
Discuss how project integration can help the project : As the business base of the company began to increase, more and more paperwork began to flow through the organization.
How much is your lottery prize worth today : You just won the $40 million lottery. You will receive $1.4 million a year for the next 20 years plus an additional payment of $12 million at the end.
Compare and contrast steganography and cryptography : Why steganography and how does it work? List examples of suitable carriers of steganographic payloads.
Identify challenges you found in the design : Identify challenges you found in the design and implementation of the "System of Systems Software" portion of this week's instruction.
What is volume of sales in units required to achieve target : Zero, Inc. produces a product that has a variable cost of $8.00 per unit. The company's fixed costs are $40,000. The product sells for $13.00 a unit.
Prepare a production budget by quarter for the given months : Zeller Company estimates that 2014 unit sales will be 17,000 in quarter 1, 24, 300 in quarter 2, and 31,000 in quarter 3, at a unit selling price of $21.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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