Question: I NEED URGENT HELP! I WILL RATE THANKS! Solve the following problems using math formula. Please explain You have just received notification that you have

I NEED URGENT HELP! I WILL RATE THANKS!

Solve the following problems using math formula. Please explain

  1. You have just received notification that you have won the $1 million first prize in the Centennial Lottery. However, the prize will be awarded on your 100th birthday (assuming youre around to collect), 80 years from now. What is the present value of your windfall if the appropriate discount rate is 10 percent?

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 Finance Questions!

Q:

On January 1, 2019, Pat Company purchased 90% of the outstanding common stock of Solo Company for $236,000 cash. The balance sheet for Pat Company just before the acquisition of Solo Company stock,...

Q:

I NEED URGENT HELP! I WILL RATE THANKS! Solve the following problems using math formula. Please explain You have just made your first $2,000 contribution to your individual retirement account....

Q:

I NEED URGENT HELP! I WILL RATE . THANKS Solve the following problems using math formula PLEASE EXPLAIN a. Assume the total cost of a college education will be $250,000 when your child enters college...

Q:

I NEED URGENT HELP! I WILL RATE . THANKS Solve the following problems using math formula PLEASE EXPLAIN a. Youre trying to save to buy a new $150,000 Ferrari. You have $40,000 today that can be...

Q:

LEARNING COMPETENCIES After studying this module, you will be able to do the following: Find the amount of simple and compound interest; Ascertain exact, ordinary interest, maturity value, and simple...

Q:

need help solve these following problems using the info below , im not sure if i am doing it right. thanks! e) If Haas Company plans to produce and sell 90,000 units, how much can they expect their...

Q:

PowerPoint Assignment for BUS 401: Principles of Finance You have been asked by a manager in your organization to put together a training program explaining Net Present Value (NPV) and Future Value...

Q:

Time Value of Money: Single Cash Flows Introduction Time value of money (TVM) is the foundation of mathematical finance. This assignment is designed to show you how the TVM concept can be applied to...

Q:

Demonstrate your understanding of financial concepts by completing the following problems. Where appropriate, show or explain your work. You may use Excel to work on the problems. Problem 1....

Q:

Finish every page 1.1: Problem Set Overview In this assignment you will be completing problems based on the parent functions we have learned in this topic. The purpose of this assignment is to...

Q:

Managerial Accounting Case Bon-Ton: Caught In The Rain of US Retail Bankruptcies ** ONLY ATTEMPT THIS** IF YOU WILL READ CAREFULLY AND CAN EXPLAIN USING: (1) Accounting, Economics, and Financial...

Q:

Here is some price information on Barrick: You have placed a stop- loss order to sell at $ 38. What are you telling your broker? Given market prices, will your order be executed?

Q:

Examine the Values in the table. What was InterGalactic Corp's Net Working Capital? Include your answer to two decimals and a negative if appropriate Accruals $91.65 Net Fixed Assets $98 Interest...

Q:

Jacob makes a gift of property ( basis of $ 1 0 0 , 0 0 0 ; fair market value of $ 5 0 0 , 0 0 0 ) to his aunt, Mary. Mary dies 1 0 months later when the property is worth $ 5 5 0 , 0 0 0 . Jacob...

Q:

In a AABC, following relations hold good, In which case(s) the triangle is a right angled triangle? (Assume all symbols have their usual meaning) (A) r2 + r3 = r1 -r (B) a? + b +c = 8R? (C) If the...

Q:

For f (x) = cos'r + sin"x; which of the following doesn't holds good? (A) Fundamental period of f(x) is (B) y = f(x) is symmetric about origin (C) f(x) is even function (D) The graph of y = f(x) is...

Q:

Given a triangle ABC with sides a = 7, b = 8 and c = 5. If the value of the expression sin A) ( cot) can be expressed in the form where p, q E N and is in its lowest form find unit place of p+q...

Q:

The number of integers in the domain of f (7) = log (5 (2) [e]) is (1) represents greatest integer function) Backspace 7 8 9 4 56 1 2 3

Q:

The radius of the circle touching incircle of an equilateral triangle of circumradius 6 unit, externally and its two sides, is r, value of (r), [ ] represent GIF Backspace 7 8 9 4 5 6 1 23

Q:

Fanny signs a note "payable to the order of Guaranty Bank." Guaranty indorses the note in blank and negotiates it to Haji, who sells it to Iona. Liability associated with the transfer of the note...

Q:

2. Josina Makaus (2009) chapter on ethical and unethical communication is important for all students in the fi eld. Consider how the ethical frameworks discussed in her chapter might inform volunteer...

Q:

Pay attention to the way you talk to yourself for the next day. When something goes wrong, what do you say to yourself? Do you put yourself down with negative messages? Do you generalize beyond the...

Q:

1. Review the areas of communication discussed in the section on the breadth of the communication fi eld. In which areas do you feel most competent as a communicator? In which areas do you feel less...