5 pts Question 11 Your best friend just won the Florida lottery. She has the...
70.2K
Verified Solution
Link Copied!
Question
Finance
5 pts Question 11 Your best friend just won the Florida lottery. She has the choice of $15,900,000 today one year from today. What rate of return is built into the annuity? Disregard any tax consequences or an annuity with payments of $1,450,.000 for 20 years, with the first payment coming Your answer should be between 2.01 and 14.74, rounded to 2 decimal places, with no special characters. 5 pts Question 12 Jim sold a car and accepted a note promising cash flows of $1,000 at the end of Year 1., and $2.000 at the end of Years 2,3, and 4 as his payment. What was the effective price he received for the car, assuming an interest rate of 6.70%? Your answer should be between 4,715.00 and 6,525.00, rounded to 2 decimal places, with no special characters. 0
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.