23. A person wins Euro Dreams, a lottery that pays 20.000 € per month for 30 years. If the current annual effective rate is 6%, what is the present value of his winnings? (consider the payments at the end of each period)

You just won the lottery! As your prize, you will receive $2,200 a month for 90 months. If you can earn 7 percent on your money, what is this prize worth to you today? $

3. You won the lottery!  You are considering whether or not to accept a lump sum amount or an annual annuity of $ 79,944 to be received at the end of every year for twelve years.  Use 6% as the annual discount rate.  How much is the stream of payments worth now?  Round your answer to the nearest whole number.

You buy an ordinary annuity today for $120,583, which promises to pay you $11,256 per year. If the interest rate is 4.29 percent, for how many years will you receive payments? Answer to 4 decimals.

You will deposit $112 from each of your bi-weekly paychecks.  You think that you can earn an interest rate of 8.35%.  How much will you have in 42 years? show work step by step and fomular. Answer:

4. You wish to accumulate RM100,000 at the end of 20 years. To do this, you need to deposit an equal amount into the bank at the end of each year. If you can earn 5% compounded annually, how much do you need to deposit each year?

You invest in a project that is expected to pay you $960 every year forever. If the first payment to you occurs 3 years from today and the discount rate is 3.8%, then what is its value today (Round to the nearest dollar).

You have just won 50 million in the lottery, payable in equal yearly installments over the next 20 years (first payment to be made immediately). Instead of taking the annual payments, you also have the option of receiving a lump sum amount immediately. If the interest rate is 6% per year, what is the minimum lump sum amount you would except in place for the payments? What if the interest rate is 10% per year? Please show the formula and answer.

A $1,000,000 lottery prize pays $50,000 per year for the next 20 years. If the current rate of return is 2.75%, what is the present value of this prize? (Assume the lottery pays out as an ordinary annuity. Round your answer to the nearest cent.)

D3) You borrow $22947 to buy a car. You will have to repay this loan by making equal monthly payments for 15 years. The bank quoted an APR of 9%. How much is your monthly payment (in $ dollars)? $________.