A lottery winner will receive $1 million at the end of each of the next twelve years. What is the future value​ (FV) of her winnings at the time of her final​ payment, given that the interest rate is 8.1​% per​ year?   A. $19.09   million   B. $30.54 million   C. $26.73 million   D. $15.27 million

You would like to provide $113,000 a year forever for your heirs. How much money must you deposit today to fund this goal if you can earn a guaranteed 8.2 percent rate of return? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

How much would you accept in a lump sum today, in place of a lottery payment of $35,000 at the end of the next 20 years ($700,000 in total), assuming you could invest it at a 6 percent rate?

You have received $200,000 from the PowerBall Lottery and want to have half that amount available for your retirement in 30 years. If you can earn 6% interest per year (compounded monthly) on this investment, how much of the lottery winnings must you invest?

A lottery winner will receive $6 million at the end of each of the next twelve years. What is the future value (FV), if the winner receives $6 million at the beginning of each of the next twelve years?

Yogesh

The florida lottery agrees to pay the winner $285,000 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 0.08?

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.

Jane Bauer has won the lottery and has the following four options for receiving her winnings: Receive $100,000 at the beginning of the current year Receive $108,000 at the end of the year Receive $20,000 at the end of each year for eight years Receive $10,000 at the end of each year for 30 years Jane can invest her winnings at an interest rate of 8% compounded annually at a major bank. Use the appropriate present or future value table: FV of $1, PV of $1, FV of Annuity of $1 and PV of Annuity of $1 Calculate the Present value for each of the above options. Round all answers to the nearest dollar.   Present Value Option 1 $fill in the blank 1 Option 2 $fill in the blank 2 Option 3 $fill in the blank 3 Option 4 $fill in the blank 4 Which of the payment options should Jane choose?

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.)