Multiple Choice
What is the present value of a lottery paid as an annuity due for twenty years if the cash flows are $250,000 per year and the appropriate discount rate is 7.50%?
A) $5,000,000.00
B) $3,186,045.39
C) $2,739,769.55
D) $2,548,622.84
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q22: The last interest payment on a 12-year,6%,$138,000,fully-amortized
Q84: Which of the following is NOT an
Q86: Which of the following is NOT an
Q95: Amy Plisko is 23 years old and
Q103: A wealthy woman just died and left
Q105: If you borrow $50,000 at an annual
Q107: Assume a five-year equal payment amortization schedule
Q109: You have an annuity of equal annual
Q110: You have a choice between a lottery
Q113: If you borrow $50,000 at an annual