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- If you owe $47,000 payable at the end of five years, what amount should your creditor accept in payment immediately ifse cou earn 8 percent on her money? Use Appendix B for an approximate answer, but calculate your final answer using the formula and financial calculator methods. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Présent value eBook Hint ant Reterenc PV=F 47,0Calculate the principal portion of the second payment on the required on an amortized loan annual interest rate of 8.25% for 20 years. finance the purchase of a new home priced at $99,757.57 assuming the O A. $165.30 O B. $174.17 OC. $175.30 O D. $164.17 Click to select your answer. tUs /- MacBook Air 888 F4 14 F7 F1 F3 FS F6 II 4) F9 F10 F11 @ 2$ 4 23 & 2 6. 0. R Y P. S D F H. J K B alt command +Kevin deposits $856.89 each quarter into an annuity account for his child's college fund in order to accumulate a future value of $75,000 in 16 years. How much of the $75,000 wilI Kevin ultimately deposit in the account, and how much is interest earned? Round your answers to the nearest cent, if necessary. Formulas 中 Answer(How to Enter) Keypad Present Value Formula Keyboard Shortcuts A PV = (1+) nt Annuity Formula for Finding Future Value nt FV = PMT . Annuity Formula for Finding Payment Amounts PMT = = FV . nt Prev Next
- Joan Lucky won the $66 million lottery She is to receive $2.3 million a year for the next 25 years plus an additional lump-sum payment of $8.5 million after 25 years. The discount rate is 11 percent What is the current value of her winnings? Use Appendix B and Appendix D. (Provide answers in terms of millions of dollars. Round "PV Factor" to 3 decimal places. Round the final answer to the nearest whole dollar.) Current Value %24 19.995You Answered Correct Answers You won the lottery. You could receive $100,000 a year for the next 10 years or a lump sum today. The lottery uses a 12 percent discount rate (compounded annually). What would be the lump sum amount you would receive today? 632,824.98 565,022.3 (with margin: 100)First Time Value of Money Homework i Help Save & Exit Submit 13 Mary is going to receive a 31-year annuity of $9,600 per year. Nancy is going to receive a perpetuity of $9,600 per year. If the appropriate interest rate is 9 percent, how much more is Nancy's cash flow worth? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. 10 Present value Book Prent Reterences: Present value
- Carol wants to invest money in a 6% CD that compounds semiannually. Carol would like the account to have a balance of $55,000 two years from now How much must Carol deposit to accomplish her goal? EV of $1. EV.of $1 EVA of $1. and PVA of S1 (Use appropriate factor(s) from the tables provided.) Multple Choice $48.950 $48,400 $27.500 $48,867Congratulations! You have just won a small lottery. Lottery officials give you three alternatives for receiving your winnings: a)$8000 now b)$1000 per year for 12 years c)$15000 in 10 years If you can earn 6.5% on your money, which alternative should you choose?ind the future value and compound interest on $4,000 at 4% compounded semiannually for two years. Use the Future Value or Compound Amount of $1.00 Table or ne future value and compound interest formula. Future Value or Compound Amount of $1.00. Future value = $ (Round to the nearest cent as needed.) Help Me Solve This Calculator Get More Help - Clear All Check Answer P Pearson ere to search %23 70 F home %23 24 4. 6 R Y G K D alt
- You won a $2,000,000 lottery that pays out $125548 every year for 11 years. If the lottery makes the first payment today and the effective interest rate is 6.7% what is the “true” value of the prize? Need typed answer only.Please give answer within 45 minutesAs the winner of a lottery you are promised 15 payments of $0.98 million each year starting a year from now. If the discount rate is 0.095, what is the present value of your winnings? Instruction: Type ONLY your numerical answer in the unit of millions,You won the lottery. You may receive a one-time cash payout today or receive $340,000 in 13 years. What is the equivalent one-time cash payout today using a 12.00% discount rate? ○ 2,184,006 1,483,588 77,919 74,735