Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. fin-320-t1314 principles of finance 18ew1 kayla ho

FIN-320-T1314 Principles of Finance 18EW1 Kayla Hopkins 10/2/18 11:44 PM Homework: 6-1 MyFinanceLab Assignment Score:...

50.1K

Verified Solution

Question

Accounting

image

FIN-320-T1314 Principles of Finance 18EW1 Kayla Hopkins 10/2/18 11:44 PM Homework: 6-1 MyFinanceLab Assignment Score: 0 of 4 pts P6-28 (similar to) Save 49 of 12 (0 complete) HW Score: 0%, 0 of 50 pts Question Help (Related to Checkpoint 6.2) (Present value of annuity payments) The state lottery's million-dollar payout provides for $1.5 million to be paid in 20 installments of $75,000 per payment The first $75,000 payment is made immediately, and the 19 remaining $75,000 payments occur at the end of each of the next 19 years iI#9 percent is the discount rate, what is the present value of this stream of cash howrs? Ih 18 percent s the discount rate, what is the present value of the cash flows? a. If 9 percent is the discount rate, the present value of the annuity due is s(Round to the nearest cent ) Enter your answer in the answer box and then click Check Answer part O Type here to search

Answer & Explanation Solved by verified expert
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!
Become a Member

Other questions asked by students