What is present value of the girl fortune

Assignment Help Biology
Reference no: EM132389501

Can you help explain what n would be in this problem? I feel like it should be 13, but I am having trouble drawing my timeline to visualize the problem. Also ,it is asking for the present value. The present value from when? Today when the girl is 5? Today when the girl is 18?

A 5 year girl was given a lottery ticket for her recent birthday. The ticket was the grand prize winner and is suppose to pay $80,000 per year after taxes, for 20 years. The state sued, however, and won the case arguing that it would pay the prize as agreed, but it would not begin payment until the girl reaches age of 18 in exactly 13 years. If the appropriate discount rate is 6% annually, what is present value of the girl's fortune?

Reference no: EM132389501

Questions Cloud

Disease Control and Prevention Problems : After review Health Care: Out-of-Pocket article, please feel free to share your approach as a public health professional as to how you may apply this model
What is institute of highway safety : What is institute of Highway safety? What its major roles. How it plays a important role in public risk management?
Annual discrete compounding risk-free rate : If the annual discrete compounding risk-free rate is 10%, and the cost of carry offsets the convenience yield exactly, then the future price is equal
Empirical Antimicrobial Treatment Assignment Problem : Empirical Antimicrobial Treatment Assignment Help and Solution. What do you do if the patient is allergic
What is present value of the girl fortune : If the appropriate discount rate is 6% annually, what is present value of the girl's fortune?
Explain the reason for the aunt credit score : Nicole is 20 years old. Nicole adores her Aunt Julia who just turned 90. She knows all about the difficult life her aunt had growing up under very poor
SPPA2001 Intervention in Speech Pathology- Assignment Issue : SPPA2001 Intervention in Speech Pathology Assignment Help and Solutions, Curtin University, Australia- Required to use the case information and data provided.
Discuss the disaster recovery and business continuity plans : Write a 3-4 page APA formatted paper comparing your organization's disaster recovery and business continuity plans with the best practices outlined.
Advanced Electronics Assignment Problem : Advanced Electronics Assignment Help and Solution. Use PSpice to produce the I-V characteristic curves for NPN, PNP, NMOS, DNMOS and PMOS transistors

Reviews

Write a Review

Biology Questions & Answers

  Immune response to infectious disease

It is a very curcial concept to understand how the immune response is mounted against viruses, bacteria, protozoans and helminthes. For an effective immune response, both innate and adaptive immunity should work together.

  A review on advanced glycated end products (ages)

This Project report elaborates a critical review of important elements attached to Advanced Glycated End Products (AGEs). It is very crucial to understand the process called Millard reaction.

  Plastic as a soil stabilizer

Soil stabilization is the permanent physical and chemical alteration of soils to enhance their physical properties. Stabilization can increase the shear strength of a soil and control the shrink-swell properties.

  Principles of microbiology

This assignment has three parts which contains questions related to Microbiology. It contains basic principles of microscopy, staining techniques in microbiology and microbial growth in the food industry.

  List the biologic functions

Lipid metabolites are often seen as key elements in cellular signaling. Is this unique? Please provide several examples of the function of lipids as key elements in signal arrays and list the biologic functions these signals affect?

  Biologic function relationships

Please describe how one might search for chemical structure, biologic function relationships, involving small molecular weight lipophylic compounds. Provide one example.

  Case study on patient in the haematology laboratory

Write a case study which detailing a scenario of a patient being investigated in the Haematology laboratory.

  Use of pcr and genetic approaches in biotechnology

The use of PCR and genetic approaches in biotechnology

  Describe the role of this enzyme in honey

Glucose oxidase is an enzyme that can be used for measurements of glucose levels by combining this reaction with an oxygen probe.

  Genetic problems

What phenotypic ratio would you get if you crossed a white mouse and a heterozygous brown mouse?

  Prepare an essay on nosocomial infection

Prepare an essay on nosocomial infection.

  Monitoring and recording the blood pressure

To increase the awareness of monitoring and recording the blood pressure of patients and practice measuring blood pressure in a safe environment.

Free Assignment Quote

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd