Question: can someone help me with this practice problem Assume you won a prize and will receive $30,000 for the next 11 years. a. How much

can someone help me with this practice problem

Assume you won a prize and will receive $30,000 for the next 11 years. a. How much is your prize worth now if the interest rate is 14 percent? (Enter your answer as a whole number rounded to 2 decimal places.) b. Should you accept $167000 now in exchange for the future payments? Yes

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

How do you calculate payments made into 401k for the problem below? I found a table where someone had calculated a timeline table with payments, but I cannot figure out how they got the numbers....

can someone help me with this practice problem Without loverage, Impi Corporation will have net income next year of $75 million Impis corporate tax rate is 21% and it pays 9% interest on its debit,...

I=6033852334008692136118495980&elSBN=9780357517642&id=2072377340&snapshotld=394... 35_Baldri... 3 osd.mil f Facebook - Log In... 5/2 Home - eBenefits |myPay Web Site & VA My Healthevet USAA / Welcome...

Consider making an investment of $8,600 each year. If the first $8,600 investment is made at the end of this year, how much will you have in: a. 13 years at 6 percent? (Enter your answer as a...

i need help anyone Problem 4-14 Present Value with Different Discount Rates (LG4-4) Compute the present value of $4,700 paid in two years using the following discount rates: 9 percent in the first...

Assume you won a prize and will receive $31,000 for the next 11 years. a. How much is your prize worth now if the interest rate is 12 percent? (Enter your answer as a whole number rounded to 2...

Assume you won a prize and will receive $30,250 for the next 12 years. a. How much is your prize worth now if the interest rate is 11 percent? (Enter your answer as a whole number rounded to 2...

Assume you won a prize and will receive $28,250 for the next 7 years. a. How much is your prize worth now if the interest rate is 11 percent? (Enter your answer as a places.) b. Should you accept...

Assume you won a prize and will receive $30,000 for the next 11 years. a. How much is your prize worth now if the interest rate is 14 percent? (Enter your answer as a whole number rounded to 2...

12 Help Sa Assume you won a prize and will receive $28,000 for the next 6 years. a. How much is your prize worth now if the interest rate is 17 percent? (Enter your answer as a whole number rounded...

Now draw the reflected segments of the three special rays considered previously. Use the label Rayl, for the reflected segment of Ray 1, Ray2, for the reflected segment of Ray 2, and so forth. Make...

Find the mass of 0C ice that 10 g of 100C steam will completely melt.

( ? ) Blackboard 5 1 minutes remaining 6 OF 1 0 QUESTIONS REMAINING Question 5 1 Point Given a financial manager's preference for faster receipt of cash flows, ( A ) a shorter depreciable life is...

Find the radius of gyration of a plate covering the region bounded by x=3, x=5, y=0, and y=4 with respect to the y-axis.

Only a small percentage of Fortune 500 companies have female CEOs. One solution to increase the number of women CEOs would be to have co-CEOs, one male and one female. Do you think this would work?...

Do you feel comfortable being around people with disabilities? Should organizations make special efforts to hire individuals who are disabled? Are organizations that hire workers with disabilities...

Consider the statement, With the global economy, people around the world are becoming more and more alike, so why be concerned about diversity? Do you agree? Should organizations conduct diversity...