What is present value of the girl fortune

Assignment Help Biology
Reference no: EM132389501

Can you help explain what n would be in this problem? I feel like it should be 13, but I am having trouble drawing my timeline to visualize the problem. Also ,it is asking for the present value. The present value from when? Today when the girl is 5? Today when the girl is 18?

A 5 year girl was given a lottery ticket for her recent birthday. The ticket was the grand prize winner and is suppose to pay $80,000 per year after taxes, for 20 years. The state sued, however, and won the case arguing that it would pay the prize as agreed, but it would not begin payment until the girl reaches age of 18 in exactly 13 years. If the appropriate discount rate is 6% annually, what is present value of the girl's fortune?

Reference no: EM132389501

Questions Cloud

Disease Control and Prevention Problems : After review Health Care: Out-of-Pocket article, please feel free to share your approach as a public health professional as to how you may apply this model
What is institute of highway safety : What is institute of Highway safety? What its major roles. How it plays a important role in public risk management?
Annual discrete compounding risk-free rate : If the annual discrete compounding risk-free rate is 10%, and the cost of carry offsets the convenience yield exactly, then the future price is equal
Empirical Antimicrobial Treatment Assignment Problem : Empirical Antimicrobial Treatment Assignment Help and Solution. What do you do if the patient is allergic
What is present value of the girl fortune : If the appropriate discount rate is 6% annually, what is present value of the girl's fortune?
Explain the reason for the aunt credit score : Nicole is 20 years old. Nicole adores her Aunt Julia who just turned 90. She knows all about the difficult life her aunt had growing up under very poor
SPPA2001 Intervention in Speech Pathology- Assignment Issue : SPPA2001 Intervention in Speech Pathology Assignment Help and Solutions, Curtin University, Australia- Required to use the case information and data provided.
Discuss the disaster recovery and business continuity plans : Write a 3-4 page APA formatted paper comparing your organization's disaster recovery and business continuity plans with the best practices outlined.
Advanced Electronics Assignment Problem : Advanced Electronics Assignment Help and Solution. Use PSpice to produce the I-V characteristic curves for NPN, PNP, NMOS, DNMOS and PMOS transistors

Reviews

Write a Review

Biology Questions & Answers

  Explain how advanced practice nurse roles

Explain how Advanced practice nurse roles (which ones) could lead the effort to make or influence the change in policy or keep the policy

  Find incidence rate of schistosomiasis amongst fisherman

While a tall homozygous plant was crossed with a short homozygous plant, the F1 offspring were all tall. No short plants were present in the F1 generation. Which principle does this situation represent.

  Absolute advantage and comparative advantage

1. What is the difference between absolute advantage and comparative advantage?

  Question about recombination frequency

CC DD and cc dd individuals were crossed and hte F1 generation was backcrossed to get cc dd parent. 903 Cc Dd, 897 cc dd, 98 Cc dd. c and d are 10 m.u apart.

  Explain why is happening and what can potentially result

Kay has just had his wisdom tooth pulled. His dentist has had to administer a local anesthetic, which has resulted in partially numbing his oral cavity and pharynx.

  How a specific virus control the release of its genome

Give an example of how a specific virus control the release of its genome so it only occurs at precisely the right point (max 4-5 sentences).

  Describe the major sections of the neurological exam

Describe the major sections of the neurological exam. What are the primary differences between a steroid/lipid soluble hormone and a protein hormone?

  Measure in integrative model of care

What is the treatment standard and outcome measure in integrative model of care?

  Explaining the skeletal system

Which of the following movements is an example of extension? bending forward at the waist, kneeling, raising your arm laterally.

  Average on a standardized academic test

A teacher wanted to see if his gifted and talented students truly performed better than average on a standardized academic test.

  Describe the role of fermentation in permitting an organism

in the absence of oxygen some cells and organisms can use glycolysis coupled to fermentation to produce energy from the

  Write annotated bibliography on the fugitive slave act

Annotated Bibliography for 4 sources: The Fugitive Slave Act and Levi Coffin's Underground Railroad Station

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