A lottery winner will receive $6 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 8.6% per year
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A lottery winner will receive $6 million at the end of each of the next twelve years. What is the
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- A lottery winner will receive $5.5 million every 6 months for the next twenty years. What is the future value (FV) of his winnings at the time of the final payment, given that the interest rate is 5.50% per year?The winner of a state lottery will receive $5,000 per week for the rest of her life. If the winner’s interest rate is 6.5% per year compounded weekly, what is the present worth of this jackpot?Linda expects to receive P35,569.22 , 9 years from now. How much should she invests for three consecutive years (annually) starting THIS YEAR if the interest rate is 0.250? Use knowledge about ANNUITIES in solving this
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- Maria Addai has been offered a future payment of $750 2 years from now. If she can earn 6.5%, compounded annually, on her investment, what should she pay for this investment today?Ms. Cristiana Piccini is valuing an investment that pays her $27,000 per year for the first ten years, $35,000 per year for the next ten years, and $48,000 per year the following ten years (all payments are at the end of each year). If the appropriate annual discount rate is 9 percent, what is the value of the investment to Ms. Cristiana Piccini today?Maria Addai has been offered a future payment of $750 two years from now. If she can earn an annual rate of 6.5 percent, compounded daily, on her investment, what should she pay for this investment today?
- Joan Lucky won the $44,000,000 lottery. She is to receive $1.3 million a year for the next 25 years plus an additional lum payment of $11.5 million after 25 years. The discount rate is 18 percent. What is the current value of her winnings? (Use a Financial calculator to arrive at the answer. Round the final answer nearest whole dollar.) Current Value $Hamad will receive the following payments at the end of the next three years: AED 40,000, AED 50,000, and AED 65,000. Then from the end of the thrid year through the end of the tenth year, he will receive an annuity of AED 30,000. At a discount rate of 6 percent, what is the present value of all future cash flows?Carla Lopez deposits $5, 200 a year into her retirement account. If these funds have an average eaning of 6 percent over the 40 years until her retirement, what will be the value of her retirement account?