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Title: Ken Jones has just won the state lottery. The state offers the following three payout options for ... Post by: Deprecated on Sep 21, 2016 Ken Jones has just won the state lottery. The state offers the following three payout options for after-tax prize money:
1. $50,000 per year at the end of each of the next six years 2. $300,000 (lump sum) now 3. $400,000 (lump sum) six years from now Calculate the present value of each scenario using an 8% annual discount rate. Round to nearest whole dollar. Present value of an ordinary annuity of $1: 7% 8% 9% 1 0.935 0.926 0.917 2 1.808 1.783 1.759 3 2.624 2.577 2.531 4 3.387 3.312 3.240 5 4.100 3.993 3.890 6 4.767 4.623 4.486 Present value of $1: 7% 8% 9% 1 0.935 0.926 0.917 2 0.873 0.857 0.842 3 0.816 0.794 0.772 4 0.763 0.735 0.708 5 0.713 0.681 0.650 6 0.666 0.630 0.596 Title: Re: Ken Jones has just won the state lottery. The state offers the following three payout options ... Post by: .unplugged. on Sep 21, 2016 Content hidden
Title: Re: Ken Jones has just won the state lottery. The state offers the following three payout options for ... Post by: Deprecated on Oct 12, 2016 This was certainly a tough question, loving the expertise
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