The Florida lottery agrees to pay the winner $250,000 at the end of each year for the next 20 years. What is the future value of this lottery if you plan to put each payment in an account earning 9 percent?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The Florida lottery agrees to pay the winner $250,000 at the end of each year for the next 20 years. What is the future value of this ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Cory is responding to the writing prompt below. examine a department of education advertising campaign that promotes universal literacy. analyze the campaign to discover the target audience and the advertising techniques used.
Answers (1)
Ivanhoe company purchased machinery with a list price of $88000. They were given a 7% discount by the manufacturer. They paid $400 for shipping and sales tax of $4700.
Answers (1)
In July, one of the processing departments at Junkin Corporation had beginning work in process inventory of $29,000 and ending work in process inventory of $31,000.
Answers (1)
A company paid $43,800 plus a broker's fee of $675 to acquire 7% bonds with a $46,000 maturity value. the company intends to hold the bonds to maturity. the cash proceeds the company will receive when the bonds mature equal:
Answers (1)
Consider the market for coffee makers. If coffee becomes cheaper, consumption of coffee is found to reduce heart disease, the wages of workers in manufacturing plants increases, and the price of plastic increases, the equilibrium price will A fall.
Answers (2)
New Questions in Business
In year 1, the Consumer Price Index was 120 and the average nominal income was $30,000. In year 2, the Consumer Price Index was 125 and the average nominal level of income was $32,000. What happened to real income from year 1 to year 2?
Answers (1)
Coral Think Inc. is a new company in the publishing industry. It has raised sufficient capital from multiple sources. It is planning to use its capital to purchase certain assets.
Answers (1)
During July at Loeb Corporation, $83,000 of raw materials were requisitioned from the storeroom for use in production. These raw materials included both direct and indirect materials. The indirect materials totaled $4,000.
Answers (1)
The partnership agreement of E Smith and N Patel state that Smith receives 30% and Patel 70% of partnership income and losses. The partnership net income is $100,000 and is allocated to the partners when the income summary account is closed.
Answers (1)
What causes changes from one phase of the business cycle to another?
Answers (1)