What is the present value of the? winnings

Assignment Help Financial Management

Reference no: EM131303532

Celine Dion just won a? "Name That? Tune" contest with a grand prize of ?$210,000. ? However, the contest stipulates that the winner will receive ?$80000 ?immediately, and the remainder divided equally at the end of each of the next 10 years. Assuming that she can earn 6?% on her? money, what is the present value of her? winnings?

What is the present value of the? winnings? $

Reference no: EM131303532

Questions Cloud

Discuss how forecasting and financial planning : Discuss how forecasting and financial planning in a large company might differ from that activity in a small company. What important planning factors might a small company have to pay more attention to than a large company?

Important events and announcements in financial markets : Summary of important events and announcements in financial markets as well as a discussion of economic and political events that have influenced financial markets during the month. Section C of the Wall Street Journal is the best source for inform..

Friend normally discounts investments cash flows : Jeremy Fenloch borrowed some money from his friend and promised to repay him the amounts of $1,290, $1,325, $1,500, $1,630, and $1,575 over the next five years. If the friend normally discounts investments cash flows at 8.50 percent annually, how muc..

Does number of hours a dayda student spend watching netflix : Does the number of hours a dayDA students spend watching Netflix differ from the number of hours a day DB students spend watching Netflix?

What is the present value of the? winnings : Celine Dion just won a? "Name That? Tune" contest with a grand prize of ?$210,000. ? However, the contest stipulates that the winner will receive ?$80000 ?immediately, and the remainder divided equally at the end of each of the next 10 years. Assumin..

Provide example of ries and trout marketing warfare strategy : Provide at least two specific examples of the Ries and Trout's Marketing Warfare Strategies Model that apply within a health care organization with which you are familiar.

Corporate bonds-what is the current price of the bond : Even though most corporate bonds in the United States make coupon payments semiannually, bonds issued elsewhere often have annual coupon payments. Suppose a German company issues a bond with a par value of €1,000, 10 years to maturity, and a coupon r..

Describe history and business model of panera bread company : Describe the history and the business model of the Panera Bread Company. Describe how Panera Bread Company finance its sales growth in the past

Determine the power dissipated over a distance : Write the time-domain expressions for the electric and magnetic field vectors for a wave traveling in the -z direction in seawater and having a frequency of 1 MHz.

User Account

All Pages