Suppose you win the lottery with a jackpot

Assignment Help Business Economics

Reference no: EM13886587

Suppose you win the lottery with a jackpot of $20 million. But that’s $20 million if you wait 20 years to get your payout. What is the value you could get today if the interest rate is 6%?

Reference no: EM13886587

Questions Cloud

Difference in consumer surplus before and after subsidy : If you have a perfectly competitive industry of 100 firms with a monthly demand curve of Q=1000-P and TC=Qi^2+100Q+100, a subsidy of $36/month, a long-run equilibrium (before subsidy) of P=140, Q=860 (each firm produces 5 units) and a long run equili..

Assume firm is monopsonist in hiring labor : Assume a firm (a) is a monopsonist in hiring labor and (b) is selling its product as a monopolist. Portray this market graphically. Correctly label all relevant curves, show the equilibrium wage rate and level of employment, and indicate the efficien..

Calculate the average fixed cost average variable cost : Ace manufacturing produces 1000 hammers per day the total fixed cost for the plant is 5000 per day and the total variable cost is 15000 per day calculate the average fixed cost average variable cost and the total cost at the current output level.

What is the public purpose of your future profession : What is the public purpose of your future profession? How might someone in your future profession be engaged in public problem-solving to improve the community s/he is a part of

Suppose you win the lottery with a jackpot : Suppose you win the lottery with a jackpot of $20 million. But that’s $20 million if you wait 20 years to get your payout. What is the value you could get today if the interest rate is 6%?

Percentage of the population undergoing incarceration : An analysis of US incarceration statistics compared against other countries, particularly the percentage of the population undergoing incarceration or some other form of correctional supervision.

Marketing manager at humbert and humbert literary works : Tracy is a marketing manager at humbert and humbert literary works. She has estimated that the likely demand for a new novel is well represented by equations Qd=10,000- 400(p) +10,000 x D + A/10. Qd is the number of books sold.

What is the long-run price elasticity of supply : An increase in the market price of men's haircuts, from $15per haircut to $25 per haircut, initially causes a local barbershop to have its employees work over time to increase the number of daily haircuts provided from 35 to 45. What is the short-run..

Increase in the price of digital apps reduces : A 5 percent increase in the price of digital apps reduces the amount of tablet devices demanded by 3 percent. What is the cross price elasticity of demand? Are tablet devices and digital apps complements or substitutes?

User Account

All Pages