You won the lottery and have a couple of choices as to how to take...
50.1K
Verified Solution
Question
Accounting
You won the lottery and have a couple of choices as to how to take the money which choice yech a greater present value? Present Value of $1 Periods 5 5. 0.823 0.7844 0.746 0.711 0.677 0645 8% 0.792 0.47 0.700 0.005 027 0.5 es 0.735 1 0.6 0583 0.540 0.600 10% 0.683 0.621 0564 0513 0.467 0.424 7 Ek Present Value of 1 Periods es 104 son son OA $7,000 a year end of each of young a discountain OB. 560,000 Oump sumunowing any discount OG 185.000 mp sum) yes from now using % discount OD $53,500 mp sum) new winga 6% discount rate 64 0.513 1./40 0.711 0677 0645 1.700 0.665 0.627 0.542 0.583 0540 0.500 0.467 0424 10% 3.170 3.700 Present Value of Anity of 51 Periods 64 3.546 5 4329 6 5.076 5.786 6.463 7.106 6% 3465 4.212 4917 5.582 6.210 6.802 0% 3.312 3.993 4623 5.200 5.747 4355 4 5.335 5.750 OA $7,000 a year at the end of each of the next yang diserte OB. 580,000 (ump sum 7 years from now using discount OC $85.000 mp 7 years from now using a discours de OD. $53.100 sumowusing discount


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.