Thursday
March 5, 2015

Homework Help: Finance

Posted by Brian on Saturday, July 10, 2010 at 8:04pm.

You have just won the lottery and will receive $1,000,000 in one year. You will receive payments for 30 years, which will increase 5 percent per year. The appropriate discount rate is 8 percent.
What is the present value of your winnings?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

MBA Finance - Sally has won the grand prize in a lottery and must choose between...
finance - "You are told you will receive the following cash payments at the end ...
FIN200- FV, PV and Annuity Due CP - I just want to know if anyone can help me in...
Finance - Suppose you just inherited a gold mine. This gold mine is believed to ...
Finance - Ambrin Corp. expects to receive $2,000 per year for 10 years and $3,...
Kennedy king finance - 10. Compute the present value of $3,000 paid in four ...
Finance - 10. Compute the present value of $3,000 paid in four years using the ...
Kennedy King finance - 9. Compute the present value of $4,000 paid in five years...
Finance math - 9. Compute the present value of $4,000 paid in five years using ...
Finance - You belong to an unusual pension plan because your retirement payments...

Members