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1. A state lottery commission pays the winner of the Million Dollar lottery 40 installments of $25,000/year. The commission makes the first payment of $25,000 immediately and the other n = 39 payments at the end of each of the next 39 years. Determine how much money the commission should have in the bank initially to guarantee the payments, assuming that the balance on deposit with the bank earns interest at the rate of 6%/year compounded yearly. Hint: Find the present value of the annuity. (Round your answer to the nearest cent)
Generally Accepted Accounting Principles (GAAP) is based on accrual accounting. Define and describe accrual accounting and provide examples
The state of California is requiring all commercial trucks to get special windshield wipers installed at a price of $1,000 a pop. It's supposed to increase safety, but this has not been fully proven. Trucks will have to go around the state to avoi..
william farmer has just harvested his wheat crop. he put the grain in a local elevator and was given a warehouse
Note that documentation of each calculation is not required, nor is extensive formatting for appearance. However, if you need to make any assumptions beyond the problem description given above, you should include an explanation of these assumption..
bruno manufacturing inc. has sales of 2200000 for the first quarter of 2010. in making the sales the company incurred
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company s shipped goods costing 12000 to company t on consignment. the sales agreement states that company t has 90
during the month of january garcia manufacturing began production on jobs 51 and 52 and completed jobs 50 and 51. jobs
in november of the current year sapphire corporation declared a dividend of 2 per share the shareholder record date is
1.when an industry has excess capacity market prices may drop well below their historical average. if this drop is
Summarizing the article or position of the G.A.S.B. as presented in the article, and discussing any implications of the article or position.
I assume that sales grow at the rate of inflation, capital expenditures are equal to depreciation, and that net profit margins and working capital to sales ratios stay constant."What pattern of return on equity is implied by these assumptions? Is ..
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