Question: Round to the nearest cent please. An quick explanation on how to do this with a BA II Plus Financial calculator would be a plus

Round to the nearest cent please. An quick explanation on how

Round to the nearest cent please. An quick explanation on how to do this with a BA II Plus Financial calculator would be a plus :)

Celine Dion just won a "Name That Tune" contest with a grand prize of $230,000. However, the contest stipulates that the winner will receive $60,000 immediately, and the remainder divided equally at the end of each of the next 14 years. Assuming that she can earn 4% on her money, what is the present value of her winnings? What is the present value of the winnings

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!

Alex Ltd. produces kitchen tools, and operates several divisions as profit centers. Division M produces a product that it sells to other companies for $16 per unit. It is currently operating at its...

Question 11 ~ 15 rersity in five years. His bank will pay 6 percent interest compounded annually for the five-year GIC. How much will Rodney have in five years to put down his v much will Rodney have...

I did this but I'm not sure if it's correct, please solve this. There is no formula for solving this only use this calculator: Texas Instruments BA II Plus Financial Calculator You deposit $100 in an...

Overview, question 22 of 28, 19 complete Tracy is borrowing $8,000 on a six-year loan that has an APR of 9 percent, compounded monthly What is her real cost of borrowing? What will her monthly...

Please answer Sue obtains a one-year loan of $2,900 based on an interest rate of 13 percent compounded annually. What would be the monthly payment to pay it off in one year? Sue needs to pay $ every...

Please help only if certain The monthly payment of the mortgage is \$ (Use the TI BA II Plus financial calculator and enter your answer rounded to the nearest cent.)

Please answer Sue obtains a one-year loan of $2,800 based on an interest rate of 10 percent compounded annually. What would be the monthly payment to pay it off in one year? Sue needs to pay $ every...

Paul really wants to purchase his own condo. He currently lives in an apartment, and his rent is being paid by his parents. Paul's parents informed him that they would not pay his mortgage payments...

http Amy and Vince want to save $5,000 so they can take a trip to Prince Edward Island in four years. To How much must they save each month to have the money they need if they can get 6 percent...

CH7 Q10 Michelle is attending college and has a part-time job. Once she finishes college, Michelle would like to relocate to a metropolitan area. She wants to build her savings so that she will have...

For the DoorCo Corporation decision compute the standard deviation of the payoffs for each decision. What does this tell you about the risk in making the decision? The DoorCo Corporation is a leading...

Suppose the $/ exchange rate is $1.1074 = 1.0, the Yen/ exchange rate is 121.73 (1 will purchase 121.73 yen), and the US $ will purchase 108.12 yen. In this scenario arbitrage is possible. What is...

QUESTION 1 ( 4 9 marks ) Primark Ltd is the manufacturer of the very popular, Prima energy drink. Primark Ltd has a 3 0 June financial year - end. Primark Ltd s manufacturing process follows the...

P-1) (100 Pts.) A chemical manufacturing company (CMC) has a contract for the procurement of the neccssaly chemicals from four suppliers. The chemicals purchased from Supplier A are priced at $20...

Determine the labor demand for workers in various job categories. page 186

Understand the importance of job analysis in strategic human resource management. page 161

Discuss how to align a companys strategic direction with its human resource planning. page 185