Answer each of the following independent questions.
alex meir recently won a lottery and has...
Business, 25.01.2020 03:31 Lovebamagirl12
Answer each of the following independent questions.
alex meir recently won a lottery and has the option of receiving one of the following three prizes: (1) $60,000 cash immediately, (2) $18,000 cash immediately and a six-period annuity of $7,500 beginning one year from today, or (3) a six-period annuity of $11,800 beginning one year from today. (fv of $1, pv of $1, fva of $1, pva of $1, fvad of $1 and pvad of $1) (use appropriate factor(s) from the tables provided.)
1-a.
assuming an interest rate of 5%, determine the pv value for the above options.
annuity payment pv annuity immediate cash pv option
option 1 + = $0
option 2 + = $0
option 3 + = $0
.
the weimer corporation wants to accumulate a sum of money to repay certain debts due on december 31, 2025. weimer will make annual deposits of $105,000 into a special bank account at the end of each of 10 years beginning december 31, 2016. assuming that the bank account pays 6% interest compounded annually, what will be the fund balance after the last payment is made on december 31, 2025?
table or calculator function:
payment:
n =
i =
future value:
Answers: 1
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