Register
Assume you just won the state lottery. Your prize can be taken either in the form of $47,131 at the endof each of the next 15years. How much are you will to accept today as a lump sum if interest rate
99.7k views
0 votes
Assume you just won the state lottery. Your prize can be taken either in the form of $47,131 at the endof each of the next 15years. How much are you will to accept today as a lump sum if interest rate is9%?

User Sam Martin
by
3.7k points

1 Answer

3 votes

The lump sum today is $


undefined

User Rasmusvhansen
by
3.5k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

3.6m questions

4.5m answers

Other Questions

Solve for x in the equation 3 x squared minus 18 x + 5 = 47. (I need this to be an answer like X=3+\_ square root 23)
Can someone help me plz I have to Turn 27/9 in simplest
The sanchez family goes out for dinner, and the price of the meals is $60. The sales tax on the Meals is 7 percent, and they also want to leave a 15 percent tip. What is the total cost of the meal? Analyze
Simplify: 10 ÷ [(5 + 2) − 5]
A survey of 539 adults aged 18-24 year olds was conducted in which they were asked what they did last Friday night. It found: 189 watched TV 163 hung out with friends 29 watched TV and ate pizza, but did
Link Copied!