What is present value of your winnings

Assignment Help Financial Management

Reference no: EM131586489

The Clearinghouse Sweepstakes has just informed you that you have won $1 million. The amount is to be paid out at the rate of $63,000 a year for the next 20 years. With a discount rate of 13 percent, what is the present value of your winnings? Use Appendix D for an approximate answer, but calculate your final answer using the formula and financial calculator methods. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Reference no: EM131586489

Questions Cloud

Healthcare facilities throughout the nation : The EHR has become widely adopted by healthcare facilities throughout the nation and around the world.

Improved systems analysis and design : Explain three reasons why the object-oriented techniques have improved systems analysis and design.

Discuss the statistics on workplace violence : Discuss the statistics on workplace violence. Describe environmental designs that can reduce workplace violence.

Describe the challenges of succession planning : Describe the challenges of succession planning. Discuss the statistics on succession planning.

What is present value of your winnings : With a discount rate of 13 percent, what is the present value of your winnings?

What the difference between positions and interests : What the difference between positions and interests? if in a recruitment negotiation, where a candidate is being offered a job and is negotiating employment.

Decreasing inventory turnover ratio indicate about firm : What does a decreasing inventory turnover ratio likely indicate about a firm?

Organizational forms requires strongest management oversight : Which of the following organizational forms requires the strongest management oversight?

Analyze cultural perspectives of the courts and corrections : Analyze cultural perspectives of the courts and corrections for juveniles who commit violent acts by indicating if you believe they should be tried as adults.

User Account

All Pages