Question: please help! i would greatly appreciate it Current Attempt in Progress The gaming commission is introducing a new lottery game called Infinite Progresso. The winner

please help! i would greatly appreciate it
Current Attempt in Progress The gaming commission is introducing a new lottery game called Infinite Progresso. The winner of the Infinite Progresso jackpot will receive $800 at the end of January, $1,800 at the end of February, $2,800 at the end of March, and so on up to $11,800 at the end of December. At the beginning of the next year, the sequence repeats starting at $800 in January and ending at $11,800 in December. This annual sequence of payments repeats indefinitely. If the gaming commission expects to sell a minimum of 800,000 tickets, what is the minimum price they can charge for the tickets to break even, assuming the commission earns 9.00%/year on its investments and there is exactly one winning ticket? $ Do all calculations to 5 decimal places and round final answer to 2 decimal places. Tolerance is $0.03. Click here to access the TVM Factor Table Calculator eTextbook and Media Hint Assistance Used Note that n=12 and i is the monthly interest rate ( i=9.00/12% per month =0.75% per month =0.0075),A=$800,G=$1,000, and Tickets Sold =800,000. Capitalized cost = Uniform Series Amount/Interest Rate To break even set the capitalized cost equal to revenues from ticket sales. Current Attempt in Progress The gaming commission is introducing a new lottery game called Infinite Progresso. The winner of the Infinite Progresso jackpot will receive $800 at the end of January, $1,800 at the end of February, $2,800 at the end of March, and so on up to $11,800 at the end of December. At the beginning of the next year, the sequence repeats starting at $800 in January and ending at $11,800 in December. This annual sequence of payments repeats indefinitely. If the gaming commission expects to sell a minimum of 800,000 tickets, what is the minimum price they can charge for the tickets to break even, assuming the commission earns 9.00%/year on its investments and there is exactly one winning ticket? $ Do all calculations to 5 decimal places and round final answer to 2 decimal places. Tolerance is $0.03. Click here to access the TVM Factor Table Calculator eTextbook and Media Hint Assistance Used Note that n=12 and i is the monthly interest rate ( i=9.00/12% per month =0.75% per month =0.0075),A=$800,G=$1,000, and Tickets Sold =800,000. Capitalized cost = Uniform Series Amount/Interest Rate To break even set the capitalized cost equal to revenues from ticket sales
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