Teajay7341 Teajay7341

02-06-2021
Business

contestada

You just won the lottery! As your prize you will receive $1,200 a month for 100 months starting today. If you can earn 8% on your money, what is this prize worth to you today

Respuesta :

trinhvo19 trinhvo19

08-06-2021

Answer: $87,380.23

Explanation: n = 100

I/Y = 8%/12

PMT = 1,200

AVP = 1,200 × (1-(1/(1+0.08/12)^100))/(0.08/12) = 1,200 × 72.816858 = 87,380.23

Answer Link

Otras preguntas

18. An atomic mass unit (amu) has a mass equal to about _____. A)1/2,000 that of a neutron B)that of a proton C)that of an electron D)2,000 times that of a neut

Write the equation of the line, given the y- and x-intercepts. y-intercept (0, 7), x-intercept (–1.4, 0)

Stacked cups are to be placed in a pantry. one cup is 3.25 in high

Which is an example of a voting requirement that was used to prevent African Americans from voting during the Jim Crow era?

When can the empirical rule be used to identify unusual results in a binomial experiment? why can the empirical rule be used to identify results in a binomial

Why did napoleon become a symbol of the romantic hero? 2. how did the promethean hero differ from real-life heroes such as napoleon and byron? 3. why may faust

The First Tears — Based on an Inuit Folktale Elizabeth Kibler 1Once, a very long time ago, a man named Amak awoke in the morning and was very hungry—he wanted s

What does Mrs. Frisby see when she climbs out of the knot hole? A. There is frost on the grass and trees. B. Dragon is on the ground and not moving. C. Ther

Water can easily dissolve mineral ions for transport around plants. This is a very useful property of water. What term is used to describe this property?

You're investigating a subway accident in which a train derailed while rounding an unbanked curve of radius 150 m, and you're asked to estimate whether the trai