If you win the $ 4 0 0 lottery ( forget the millions ) you can get

Fantastic news! We've Found the answer you've been seeking!

Question:

If you win the $

400

lottery

(

forget the millions

)

you can get a

30

year Annuity starting today or take a LUMP sum today.

If you take the Lump sum and you have a

8 %

,

what will be the amount you collect today

(

pre

-

tax

) ?

Related Book For answer-question

Entrepreneurial Finance

ISBN: 978-0133140514

6th edition

Authors: Philip J. Adelman; Alan M. Marks

See More Books

Posted Date: Mar 16, 2024 04:27 AM

See More Questions

KYC's stock price can go up by 15 percent every year, or down by 10 percent. Both outcomes are equally likely. The risk free rate is 5 percent, and the current stock price of KYC is 100. (a) Price a...
CANMNMM January of this year. (a) Each item will be held in a record. Describe all the data structures that must refer to these records to implement the required functionality. Describe all the...
I need help on this read from bottom to top. Image transcription text 7"} The second ?nancial statement to prepare is the statement of retained earnings. To determine the ending balance of...
What is the final pressure of a gas whose initial conditions are 1.407 L, 2.06 atm, and 67C and whose final volume and temperature are 608 mL and 449 K, respectively? Assume the amount remains...
Valentine Industries manufactures three models of a product in a single plant with two departments: Cutting and Assembly. The company has estimated costs for each of the three product models: the...
In problem, follow Steps 1 through 8 to analyze the graph of each function. R(x) = 3/x 2 - 4
Why does collusion pose unique prevention and detection challenges?
The SoftTec Products Company is a successful, small, rapidly growing, closely held corporation. The equity owners are considering selling the firm to an outside buyer and want to estimate the value...
below is the code for quick sort. Modify this code so it runs in O(nlogn) time on sorted input. int partition(std::vector arr, int p, int r) int pivot int i=p for (int arr[r]; 1; p;j
On March 1 of year 0, Judy was granted an incentive stock option (ISO) to purchase 50 shares of her employers stock for $10 per share. The FMV of the stock on the date of the grant was $12 per share....
What should happen if the processor issues a request that hits in the cache while a block is being written back to main memory from the write buffer? In this exercise, we will explore the control...
Refer to the preceding information for Fast Cools acquisition of Fast Airs common stock. Assume Fast Cool issues 35,000 shares of its $20 fair value common stock for 80% of Fast Airs common stock....
In a SOAP-based Java Web Service, the SOAP means . a. Statement Object Access Protocol b. Simplified Object Access Protocol c. Simple Object Access Protocol d. Structure Object Access Protocol
When building a Java Web service, a that contains Web container for the must be built first. a. Web service, Web application b. Web client, Web consuming project c. Web service, Web client project d....
In WSDL terminology, each Web Service is defined as a and each Web method is defined as an abstract . a. Method, function b. Service, operation c. Endpoint, function d. Port, operation
Explain the essential distinctions among the stages-of-growth theory of development, the structural-change models of Lewis and Chenery, and the theory of international dependence in both its...
d) For die casting processes: 1. What are the most common metals processed using die casting and discuss why other metals are not commonly die casted? 2. Which die casting machines usually have a...
Ira Schwab wins the lottery and decides to take the one lump sum of $500,000 minus taxes. Ira receives a check for $300,000 after taxes. Using the rule of 72, determine a. How long will it take him...
Your firm sells home appliances at retail. When ordering washing machines from the manufacturer, you notice the following terms listed in the catalogue: If you take advantage of all trade discounts,...
Larrys Lawn Equipment Company gives terms of 2/10, n/30. Larry has annual credit sales of $500,000 and average accounts receivable of $60,000. a. What is Larrys accounts receivable turnover? b. What...
This chapter suggests that estimating project costs is a challenging process that can resemble an art form as much as science. Describe the different methods used to estimate costs on a project. How...
Consider the common problems with project cost estimation and recall a project with which you have been involved. Which of these common problems did you encounter most often? Why?
Explain the concept of activity-based costing. What are the steps involved in this process?

If you win the $ 4 0 0 lottery ( forget the millions ) you can get

Question:

Expert Answer:

To calculate the lump sum amount you would receive today if you have an 8 disco... View the full answer

Entrepreneurial Finance

Students also viewed these finance questions