You just won the $87 million Ultimate Lotto jackpot. Your winnings will be paid as $2,900,000...

You just won the $87 million Ultimate Lotto jackpot. Your winnings will be paid as $2,900,000 per year for the next 30 years. If the appropriate interest rate is 6.2 percent, what is the value of your windfall?

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jeff jeffy answered 5 months ago

You just won the $55 million Ultimate Lotto jackpot. Your winnings will be paid as $2,200,000...

You just won the $55 million Ultimate Lotto jackpot. Your winnings will be paid as $2,200,000 per year for the next 25 years. If the appropriate interest rate is 5.5 percent, what is the value of your windfall? $30,494,340.24 $31,133,737.70 $29,510,651.84 $28,933,737.70 $28,035,119.25

You just won the $100 million Ultimate Lotto jackpot. Your winnings will be paid as $4,000,000...

You just won the $100 million Ultimate Lotto jackpot. Your winnings will be paid as $4,000,000 per year for the next 25 years. If the appropriate interest rate is 7.3 percent, what is the value of your windfall?

ou just won the $62.5 million Ultimate Lotto jackpot. Your winnings will be paid as $2,500,000...

ou just won the $62.5 million Ultimate Lotto jackpot. Your winnings will be paid as $2,500,000 per year for the next 25 years. If the appropriate interest rate is 5.8 percent, what is the value of your windfall? $34,464,197.27 $31,964,197.27 $32,574,855.64 $33,660,684.16 $30,946,112.86

John just won the lotto Jackpot of $25,000,000; based on the rules however John has the...

John just won the lotto Jackpot of $25,000,000; based on the rules however John has the option of either accepting a lump sum payment of $17,000,000 or collect 2,500,000 annually for the next 10 years. John heard that you are an ‘A’ student in Financial Management and came to you for advice. How would you advise John? What factors would you need to take into consideration to properly advise John?

John just won the lotto Jackpot of $25,000,000; based on the rules however John has the...

John just won the lotto Jackpot of $25,000,000; based on the rules however John has the option of either accepting a lump sum payment of $17,000,000 or collect 2,500,000 annually for the next 10 years. John heard that you are an ‘A’ student in Financial Management and came to you for advice. How would you advise John? What factors would you need to take into consideration to properly advise John?

You've won the lotto jackpot of $1,000,000. They wnt to pay it to you at $50,000...

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You just won the lottery. Congratulations! The jackpot is $85,000,000 paid in eight equal annual payments....

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Suppose you won the lottery but not all of your winnings will come in one year....

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Phred Phortunate won his state lotto 2 years ago. His lotto ticket was worth $10 million,...

Phred Phortunate won his state lotto 2 years ago. His lotto ticket was worth $10 million, which was payable in 20 annual installments of $500,000 each. Phred paid $1 for the winning ticket. The lotto in Phred's state does not allow winners to receive their payout in a lump sum. Phred wanted all the money now, so he assigned his future lotto winnings to an Unscrupulous Finance Company (UFC) for a discounted price of $4.5 million. Assignment of lotto winnings...

You just won your state lottery and will be receiving a check for $1 million. You...

You just won your state lottery and will be receiving a check for $1 million. You have always wanted to start your own food truck business A new food truck with kitchen and other related equipment costs about $100,000. Other fixed costs including salaries, gas for the truck, licensing fees are estimated to be about $50,000 per year. You decided to offer traditional Mediterranean cuisine. Variable costs include food and beverages estimated at $6 per platter (meat, rice, vegetable and...

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You just won the $87 million Ultimate Lotto jackpot. Your winnings will be paid as $2,900,000...

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You just won the $55 million Ultimate Lotto jackpot. Your winnings will be paid as $2,200,000...

You just won the $100 million Ultimate Lotto jackpot. Your winnings will be paid as $4,000,000...

ou just won the $62.5 million Ultimate Lotto jackpot. Your winnings will be paid as $2,500,000...

John just won the lotto Jackpot of $25,000,000; based on the rules however John has the...

John just won the lotto Jackpot of $25,000,000; based on the rules however John has the...

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You just won the lottery. Congratulations! The jackpot is $85,000,000 paid in eight equal annual payments....

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