Problem of the western sweepstakes

Assignment Help Finance Basics

Reference no: EM131787964

Question: The Western Sweepstakes has just informed you that you have won $1 million. The amount is to be paid out at the rate of $50,000 a year for the next 20 years. With a discount rate of 12 percent, what is the present value of your winnings?

Reference no: EM131787964

Questions Cloud

Evaluation employees of a firm receive : Evaluation employees of a firm receive annual reviews. In a certain department, 4 employees received excellent ratings, 15 received good ratings

What is the probability that a flush occurs : If there are 13 cards in each of four suits in a deck used in the game and there are 5 cards in a hand, what is the probability that a flush occurs?

Find the probability of being dealt a hand : Find the probability of being dealt a hand containing 1 spade, 6 hearts, 4 diamonds, and 2 clubs. Assume that a normal deck of 52 cards is used.

Why in networked e-business the only constant is change : Explain why in networked e-Business, the only constant is change. Explain how the Big Five influence the development of networked e-business.

Problem of the western sweepstakes : The Western Sweepstakes has just informed you that you have won $1 million. The amount is to be paid out at the rate of $50,000 a year for the next 20 years.

Find the population increase percentage : Write a few sentences comparing the distribution of percentage population increases for the different governorates.

Discuss how much will profits increase or decrease : If Polaski Company accepts this order, by how much will profits increase or decrease for this year

What is the probability that they will spell : If the letters R, A, N, D, O, M are placed in a random order, what is the probability that they will spell RANDOM?

Determine the amount of money in a savings account : Determine the amount of money in a savings account at the end of five years, given an initial deposit of $3,000 and an 8 percent annual interest rate.

Reviews

Write a Review

Required(*) Message

Finance Basics Questions & Answers

Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

User Account

All Pages