+ I/MI* 00BC.FL44CO%#3The winner of a "million dollar" lottery is to receive $60,000 plus $60,000 at the end of each year for 39 years or the present value of this annuity in cash. How muchcash would she receive if money is worth 8% compounded annualy?She would receive $.(Round to the nearest cent as needed.)Enter your answer in the answer box and then click Check Answer.Check AnswerClear AllAll parts showingCopyright O 2021 Pearson Education Inc. All rignts reserved. | Terms of Use Privacy Policy Permissions T ContactThere to searchPrtScF10F11F12F8SUF5F6F7F4&%23G4.AltAlt

Given: Amount received at the end of each year (R) =$60000No. of years(n)=39Rate of interest(i)=8%…

The winner of a million dollar" lottery is to receive $60,000 plus $60,000 at the end of each year for 39 years or the present value of this annuity in cash. How much cash would she receive if money is worth 8% compounded annually? She would receive $ (Round to the nearest cent as needed.)

The winner of a million dollar" lottery is to receive $60,000 plus $60,000 at the end of each year for 39 years or the present value of this annuity in cash. How much cash would she receive if money is worth 8% compounded annually? She would receive $ (Round to the nearest cent as needed.)

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 11EA: How much would you invest today in order to receive $30,000 in each of the following (for further...

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+ I/
MI
* 00
B
C.
FL
44
CO
%#3
The winner of a "million dollar" lottery is to receive $60,000 plus $60,000 at the end of each year for 39 years or the present value of this annuity in cash. How much
cash would she receive if money is worth 8% compounded annualy?
She would receive $.
(Round to the nearest cent as needed.)
Enter your answer in the answer box and then click Check Answer.
Check Answer
Clear All
All parts showing
Copyright O 2021 Pearson Education Inc. All rignts reserved. | Terms of Use Privacy Policy Permissions T ContactT
here to search
PrtSc
F10
F11
F12
F8
SU
F5
F6
F7
F4
&
%23
G
4.
Alt
Alt

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