What is the present value?
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Archibald Andrews has just learned that he won $1,040,000 in the lottery. Archie has three options for payment: 36 equal semi-annual payments of $36,000, the first to occur in exactly one year. Taxes of 15% will be deducted from each payment. For this option, assume interest of 8% APR, compounded semi-annually. What is the present value?
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- If Bergen Air Systems takes out a $100,000 loan, with eight equal principal payments due over the next eight years, how much will be accounted for as a current portion of a noncurrent note payable each year?Electro Corporation bought a new machine and agreed to pay for it in equal annual installments of 5,000 at the end of each of the next 5 years. Assume a prevailing interest rate of 15%. The present value of an ordinary annuity of 1 at 15% for 5 periods is 3.35. The future amount of an ordinary annuity of 1 at 15% for 5 periods is 6.74. The present value of 1 at 15% for 5 periods is 0.5. How much should Electro record as the cost of the machine? a. 12,500 b. 16,750 c. 25,000 d. 33,700Archibald Andrews has just learned that he won $1,040,000 in the lottery. Archie has three options for payment: 20 equal annual payments of $72,000, the first to occur immediately. Taxes of 25% of will be deducted from each payment. Assume an inherent interest rate of 8% APR. What is the present value?
- the lottery commission wants to be able to withdraw $400,000 at the beginning of each year for twenty years to cover annual payments due to Randy who won 8 million. How much does the commission need to invest today in an account paying 3.6% compounded annually to provide these payments?Sima has won the Wisconsin lottery with a jackpot of $10,000,000. She will be paid out in 20 equal annual installments with the first payment made immediately. If she had the money now she could invest it in an account that generates 9% compounded annually. What is the present value of the stream of payments? Present value of the lottery winnings (round up to the nearest dollar):An engineer has received $10 000 from his employer for a patent disclosure. He has decided to invest the money in a 15-year savings certificate that pays 8% per year, compounded annually. What will be the final value of his investment, in terms of today's dollars, if inflation continues at the rate of 6% per year?
- A state lottery commission pays the winner of the “Million Dollar” lottery annual installments of $50000 each year for the next ten years. If the prevailing interest rate is 8%/year compounded continuously, will the winner get his million dollars? If no, what should be the size of annual installment for overall win be equal one million?Moon purchases a lot for $300,000. Moon agrees to pay $25,000 dollars at the end of each year. If the interest rate is 4% compounded annually, how many full payments must be made, and what will be the size of the concluding payment one year after the last full payment? How to enter into TVM Solver??Sanvij has bought a house in Chilliwack for $20,000. He makes a 5% down payment and will be making quarterly payments of $388. 63 to Scotia Bank for 15 years. What nominal rate of interest compounded semiannually was applied to the purchase?
