The winner of a lottery has the option of receiving $375,000 in cash now The winner of a lottery has the option of receiving $375,000 in cash now or annual payments of $95,000 at the end of each year for 5 years. Money is worth 6.75% compounded semi-annually. (8) In terms of today's dollar, a) which lottery payout option is better and b) by how much? or annual payments of $95,000 at the end of each year for 5 years. Money is worth 6.75% compounded semi-annually. (8) In terms of today's dollar, a) which lottery payout option is better and b) by how much?

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

The $45 million lottery prize that you have just won actually pays out $4.5 million a year for 20 years. The interest rate is 12.0%. a. If the first payment comes after 1 year, what is the present value of your winnings? Note: Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places. b. What is the present value if the first payment comes immediately? Note: Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places. a. Present value b. Present value milion milion

Find the future value if $7000 is invested for 6 years at 11% compounded annually. (Round your answer to the nearest cent.) $ Need Help? DETAILS MY NOTES What is the future value if $8200 is invested for 15 years at 10% compounded semiannually? (Round your answer to the nearest cent.) Need Help? Read It ASK W

The prize in last week’s lottery was estimated to be worth $90 million. If you were lucky enough to win, the payment will be $3.6 million per year over the next 25 years. Assume that the first installment is received immediately. If interest rates are 6%, what is the present value of the prize? If interest rates are 6%, what is the future value after 25 years? How would your answers change if the payments were received at the end of each year? How would your answers change if the interest rate was higher?

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You win a 1.8 million dollar lottery prize. You have a choice between recieving the winnings through regular payments over 20 years or recieving a lump sum amount equal to the present value of the prize, calculated with an annual interest rate of 4.4 %. Consider the decision by answering the questions below. Round all answers to the two decimal places (the nearest cent). (a) If you receive the winnings through equal payments (at the end of the year) for 20 years, how much would each payment be? Payment amount: $ (b) If you opt to recieve the present value of the winnings, how much would you receive?

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?

A lottery jackpot of one million is paid out $25,000 a year for 40 years. At a 10 percentrequired return, what is the present value of this payoff? Assume that the first payment is paidimmediately.

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.