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The billboard for the Florida Lottery announces an $18,000,000 prize to the winner. The winner has the option of receiving the $18,000,000 paid in 30 annual installments of $600,000 or as a lump sum based on the present value of the payments. Assuming that the lottery commission uses an interest rate of 4.5% to calculate the lump sum, what is the present value of the lump sum option?
x2 issued callable bonds on january 1 2012. the bonds pay interest annually on december 31 each year. x2s accountant
nbspclopack company manufactures one product that goes through one processing department called mixing. all raw
a company issued 10-year 9 bonds with a par value of 500000 when the market rate was 9.5. the issuer received 484087 in
Recognition of concepts. Ron Carroll operates a small company that books enter - tainers for theaters, parties, conventions, and so forth. The company's fiscal year ends on June 30.
A person received an inheritance of 500000 rs and want to invest a portion of it for future. His goal to accumulate 700000 rs in 12 year. How much of the inheritance should be invested if the money earns interest at 12% per year compounded semi an..
great southern furniture ed koehler started great southern furniture five years ago to assemble prefabricated bedroom
during the current year irene a married individual who files a joint return reports the following items of income and
What is the difference between permanent and temporary book-tax differences?
at the beginning of the current year health company had 20000 shares of 10 par common stock outstanding. during the
What are the differences and similarities in audits of financial statement compliance audits operational audits?
six-month t-bills have a nominal rate of 7 while default free japanese bonds that mature in 6 months have a nominal
stanton inc. makes unfinished bookcases that it sells for 60. production costs are 30 variable and 10 fixed. because it
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