Wednesday
April 16, 2014

Homework Help: college math

Posted by aj on Monday, March 14, 2011 at 9:54pm.

You won the lottery. They will pay you 1 million dollars a year for 20 years. Assuming 10 percent interest compounded continuously, approximate the present value of your winnings by assuming the money is paid to you continuously over the period of each of the 20 years and in 40 years?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

college math - Find the approximate (with an integral estimate) present and ...
math - find the present value of ordinary annuity payments of 890 each year for ...
math college - A bank account earns 10 percent interest compounded continously. ...
math - A bank account earns 10 percent interest compounded continously. What ...
Financial Management - HI, could anyone help with this please. :) 2. Find the ...
Financial Management - Hi, would anyone be willing to help with this. Thanks :) ...
Calculus - Company QRS generated a net profit between 1992 and 1997 at a rate ...
present value - The present value P that will amount to A dollars in n years ...
Math - How long it will take for an investment of 2000 dollars to double in ...
math - How long it will take for an investment of 1000 dollars to double in ...

Search
Members