Homework Help: Business math

Posted by Anonymous on Thursday, June 14, 2012 at 11:32pm.

you win a contest for which the prize is $6,000,000. You are going to receive 20 yearly payments of $300,000 what is the present value of this annuity? support your answer by means of an example using a discount rate of 5%

Business math - Mia, Monday, July 23, 2012 at 1:14pm
Private donor is wlling to contribute $10 million per year at the beginning of each year fro 15 years What is the current dollar value if the discount rate is 14%?

Answer this Question

Related Questions

MBA Finance - Sally has won the grand prize in a lottery and must choose between...
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 - A lottery prize worth $1,000,000 is awarded in payments of $10,000 five ...
math - vickie earns $20,000 a year as a bookkeeper.if she receive a raise of 2%,...
math - vickie earns $20,000 a year as a bookkeeper.if she receive a raise of 2...
math - Suppose a state lottery prize of $2 million is to be paid in 20 payments ...
healthcare fiancare - HINT: 6% X $1,000,000 – {20% X ($1,000,000 – (6...
Probability - A contest entrant has a .00001 probability of winning $5,000.00. ...

For Further Reading

First Name:
School Subject:
Answer: