You just won the lottery. The lottery commission will make 16 annual payments of $15,000 with...

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You just won the lottery. The lottery commission will make 16 annual payments of $15,000 with the first payment being paid to you today. If your cost of capital is 4.2%, what is the present value of your prize money? Answer Format: Positive number rounded to 2 decimal places. (An answer of $100.125 should be entered as 100.13). Question 30 3 pts As a child actress, Tiana was paid a lump sum of $1 million when she was 9 years-old. Her parents immediately deposited that money into an account that pays 7% interest per year. No additional deposits or withdrawals have been made to the account. If the account balance today is $2,149,437, how old is Tiana? Answer Format: Positive number rounded to 2 decimal places. (An answer of 100.125 would be entered as 100.13) You just won the lottery. The lottery commission will make 16 annual payments of $15,000 with the first payment being paid to you today. If your cost of capital is 4.2%, what is the present value of your prize money? Answer Format: Positive number rounded to 2 decimal places. (An answer of $100.125 should be entered as 100.13). Question 30 3 pts As a child actress, Tiana was paid a lump sum of $1 million when she was 9 years-old. Her parents immediately deposited that money into an account that pays 7% interest per year. No additional deposits or withdrawals have been made to the account. If the account balance today is $2,149,437, how old is Tiana? Answer Format: Positive number rounded to 2 decimal places. (An answer of 100.125 would be entered as 100.13)

Answer rating: 100% (QA)

Answer 1 The present value of your prize money is the current worth of the future cash flow based on ... View the full answer