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Bluffinmuffin Bluffinmuffin
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A year ago
Stacey Trail has just won the Lotto. Her prize pays $40,000 at the end of each year for 5 years. In addition, she will receive a one-time payment of $240,000 at the end of 5 years. Using the following factors at 10%, what amount has Stacey really won in the Lotto?

Type of Cash FlowPeriodsInterest RateFactor
PV of $1510%0.6209
FV of $1510%1.6105
PV ordinary annuity510%3.7908
FV ordinary annuity510%6.1051
PV annuity due510%4.1699


▸ $300,653

▸ $484,204

▸ $440,000

▸ $553,317
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Managerial Accounting

Managerial Accounting


Edition: 4th
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dcmc92dcmc92
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A year ago
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Bluffinmuffin Author
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A year ago
Smart ... Thanks!
annabananerz
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Yesterday
Thank you, thank you, thank you!
patod1
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2 hours ago
Thanks
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