You have just won the Strayer Lottery jackpot of $11,000,000. You will be paid in twenty-six equal annual installments beginning immediately. If you had the money now, you could invest it in an account with a quoted annual interest rate of 9% with monthly compounding of interest. Calculate the present value of the payments you will receive. Show your calculations using formulas in your paper or in an attached spreadsheet file.

Use the TVM Calculator to solve the following compound interest problem. Round your result to two decimal places as needed.You invest $15,000in an account. The interest is compounded monthly at an annual rate of 10.6%. The ending account balance will be $81,174.68. How many months was the investment accruing interest?Enter the values you need to put in the TVM calculator. Put the letter xfor the unknown value. Remember that money paid to the bank is negative and money received from the bank is positive.PV= Present ValueN=Number of Compounding PeriodsPMT= Payment I%= Annual Interest Rate as a PercentFV= Future ValueP/Y and C/Y= Payments per Year and/orCompoundings per YearUse the link to the TVM Calculator below to solve the problem. The investment was accruing interest for months.

You have Just won the lottery and will receive $490,000 in one year. You will receive payments for 29 years, and the payments will increase 4 percent per year. If the appropriate discount rate is 12 percent, what is the present value of your winnings?

You have just won a lottery that promises an annual payment of $120000 beginning immediately. You will receive a total of 15 payments. If you can invest the cash flow in an investment that is paying 8% annually, what is the present value of this annuity?

Assume you won the state lottery and you are entitled to $5,000,000. If you choose not to take the money right away but wish to be paid weekly, you estimate that you will want to receive this cash flow over the next 10 years. How much will your weekly payment be at an interest rate of 5% ?

Please provide the steps to solving this problem using a financial calculator: You just opened a brokerage account, depositing $3,500. You expect the account to earn an interest rate of 9.652%. You also plan on depositing $4,500 at the end of years 5 through 10. What will be the value of the account at the end of 20 years, assuming you earn your expected rate of return?

You just won a special lottery which will entitle you to an annual payment $45000 for 10 years, but the first payment won't start until 5 years later (i.e. 1st payment at the end of the 5th year). If you plan to immediately deposit every payment into an annuity product that gives you 5.62% APR with annual compounding, how much is your account balance at the end of the lottery payment plan (i.e. when you receive the last payment)?

Samuel wants to make regular annual payments of size P dollars into an annuity that pays interest of an annual rate of 0.25 or 25%. He wants to have 1.5 times the invested amount in the account after 5 years. A) Determine the size, P of the required annual payment. B) Create a table and do a step by step calculation to verify your answer in part A

You can receive lottery winnings of either $800,000 now or $100,000 per year for the next 10 years. If your interest rate is 5% per year, which do you prefer?

What is the present worth of a future payment of $19,000 in year 7 if the interest rate is 10% per year using (a) the tabulated factor values in your book, (b) TVM functions on a financial calculator, and (c) built-in functions on a spreadsheet?