Explain why there is a difference between the present value of the Strayer lottery jackpot and the future value of the twenty-six annual payments based on your calculations and the information provided. First installment is received immediately and remaining over 26-1= 25 Present Value of periodic payment= P* (1- (1+r) ^-n)/r = 423,076.923*(1-(1+0.093807)-25)/0.094 = 4,030,716.32   And the total present value, after adding the first installment, Total Present value = 423,076.923+4,030,716.32 = 4,453,793.24 The Present value of the payments is $4,453,793.24

For each of the following situations involving annuities, solve for the unknown. Assume that interest is compounded annually and that all annuity amounts are received at the end of each period. (i = interest rate, and n = number of years) (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided. Round your final answers to nearest whole dollar amount.)       Present Value Annuity Amount i = n = 1. ? $2,400 8% 5 2. 533,082 140,000 ? 4 3. 583,150 180,000 9% ? 4. 530,000 75,502 ? 8 5. 235,000 ? 10% 4

Bill needs to determine the equivalent value in 1 quarter of a payment of $1200 due in 3.33 quarters. Money is worth 7% compounded semiannually. Select one: a. $1138.22 b. $1249.14 c. $1152.79 d. $1108.92

For each of the following situations involving annuities, solve for the unknown. Assume that interest is compounded annually and that all annuity amounts are received at the end of each period. (i=interest rate, and n=number of years)(FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of 1$ and PVAD of $1) (Use appropriate factor (s) from the tables provided. Round your final answers to nearest whole dollar amount.)                   Present Value            Annuity Amount         i=                 n= ______________          $                 2,600           8%                5 507,866                                        135,000        _____              4 661,241                                        170,000            9%             ____ 540,000                                           78,557        _____              8 230,000                          _____________           10%                4