Sunday
April 20, 2014

Homework Help: Finance

Posted by Anne on Thursday, September 29, 2011 at 6:17pm.

A state's lottery winner is promised $200,000 a year for 3 years(starting at the end of the first year). Interes rate is annually 7 percent on its fund.
How much is the present value of this lottery?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Statisics - The state lottery claims that its grand prize is $1 million. The ...
Statisics - The state lottery claims that its grand prize is $1 million. The ...
Statistics - The state lottery claims that its grand prize is $1 million. The ...
math! - Imagine that you are doing research for a term paper in your English ...
mathematics - the theoretical probability of winning the lottery is 1/1,000,000,...
Finance - Suppose the chances of winning the lottery are 1 in 14 million with ...
Finance - You purchase a machine for $50,000, depreciated straight-line to a ...
Finance - Joseph invested 3/4 of his lottery winnings to a corporate bond which ...
Finance - You have just won the lottery and will receive $1,000,000 in one year...
COLLEGE MATH PLEASE HELP - What do i do when order matters!!?!? The Sad State ...

Search
Members