What is the future value of this prize

Assignment Help Finance Basics
Reference no: EM13262095

The Florida lottery agrees to pay the winner $244,000 at the end of each year for the next 20 years. What is the future value of this prize if each payment is put in an account earning 0.09?

Reference no: EM13262095

Questions Cloud

What is the employment-at-will doctrine : What is the employment-at-will doctrine? What are the exceptions to this doctrine?
Why do bond prices go down when interest rates go up : Why do bond prices go down when interest rates go up? Don't lenders like high interest rates and what coupon rate would they have to pay in order to sell at par if they paid their coupons anually?
Determine the magnetic flux density field-b : A large number, n, of closely spaced turns of fine wire are wound in a single layer upon the surface of a plastic sphere of radius, R, with the planes of each turn perpendicular to the axis of the sphere and completely covering its surface.
Draw a state diagram for an fsm with an input gcnt : Draw a state diagram for an FSM with an input "GCNT" and the outputs "X,Y,Z". The XYZ outputs generate a sequence called a Gray Code in which exactly one of the three outputs changes from 0 to 1 or from 1 to 0.
What is the future value of this prize : The Florida lottery agrees to pay the winner $244,000 at the end of each year for the next 20 years. What is the future value of this prize if each payment is put in an account earning 0.09?
What was the annual rate of return on your investment : You purchased a piece of property for $30,000 nine years ago and sold it today for $83,190. What was the annual rate of return on your investment?
Compute the firm price-earnings ratio : Reagan Corp. has reported a net income of $805,700 for the year. The company's share price is $13.19, and the company has 318,290 shares outstanding. Compute the firm's price-earnings ratio.
Explain what is the molarity of the final solution : A solution of sulfuric acid is prepared by mixing 66.7 mL of 18.0 M sulfuric acid with 233.3 mL of 1.50 M sulfuric acid, and diluting with water to the total volume of 500 mL. What is the molarity of the final solution
Calculate the total load supported by the springs : Two people with a combined mass of 123kg hop into an old car with worn-out shock absorbers. Find the total load supported by the springs

Reviews

Write a Review

Finance Basics Questions & Answers

  True or false question based on investment plan

Senior management of Baldwin meets to estimate their investment plan for the year. They decide to fully fund a plant and machine buy through issuing 50,000 shares of stock plus a new bond issue.

  Discuss challenges the budget analyst should consider

Discuss at least two challenges the budget analyst should consider when preparing a trend analysis over a five-year period. Justify your response.

  The financial planning process

Assume a number of your friends have organized a company to develop and sell a new software product. They have asked you to loan them $10,000 to help get the corporation started,

  Controlling the growth in health care

One method commonly used by governments and private health insurers to control increments in health care spending are limits to reimbursement to providers.

  Currency swap and spot exchange rate

ABC Corp. entered into a currency swap with its bank, providing that ABC borrows $5 million at 10% and swaps for a 12% yen loan.

  Computing fv and pv of ordinary annuity

You will receive $2,000 at the end of next 12 years, supposing a 6% discount rate, what is the present value of cash flows?

  Compute the yield today

Suppose that a one-year Treasury securities yield 5%.The market anticipates that 1 year from now, one-year Treasury securities will yield 6 percent. So if the pure expectations theory is correct,

  Discuss on stock market movement and market inefficiency

Discuss on stock market movement and market inefficiency and Assume that no other information is received and that the stock market as a whole does not move

  Calculate the npv of this investment

The marginal tax rate is 35 percent, and the appropriate discount rate is 10 percent. Calculate the NPV of this investment.

  Caluing business opportunities

Suppose that the role of finance section at Strident Marks. The finance section has a couple of new hires, and the CFO has asked that you spend a short amount of time with them,

  Estimation of break-even point

Ensco Lighting Corporation has fixed costs of $100,000, sells its units for $28, and has variable costs of $15.50 each unit.

  Amortization for bonds accounting and interest expense

Amortization for Bonds accounting and interest expense on bonds calculations - Purpose all the journal entries that Leary Corporation would make related to this bond issue through January 1, 2003. Be sure to indicate the date on which the entries w..

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