Mathematics, 12.07.2021 02:20 jsph5332

You’ve won $1 million but aren’t receiving it all today. Rather, you get $100,000 today, then $100,000 every year for the next nine years. Assume that you could invest a lump-sum payment today in an account yielding an interest rate of 3% annually. What’s the total value of the future nine payments today? Round to the nearest dollar. Select the correct answer.

$778,611

$876,711

$878,611

$1,000,000

What’s the total present value you will be paid?

$778,611
$876,711
$878,611
$1,000,000

Answers: 1

Show answers

Other questions on the subject: Mathematics

Mathematics, 21.06.2019 14:10, qqbear4555

What is an equation of the line that passes through the point (-2,3) and is parallel to the line whose equations is y=3/2x-4? i am stuck between y=3/2x or y=3/2x+6 : (

Answers: 2

continue

Mathematics, 21.06.2019 18:00, stephanielynch

Last year, a state university received 3,560 applications from boys. of those applications, 35 percent were from boys who lived in other states. part a)how many applications did the university receive from boys who lived in other states? part b)applications to the university from boys represented 40percent of all applications. how many applications did the university receive in all? i don't how to do part b so me and plz tell how you got your answer

Answers: 1

continue

Mathematics, 21.06.2019 22:30, malachitorres813

Line wx is parallel to line yz. if m

Answers: 3

continue

Mathematics, 21.06.2019 23:00, jjjoooorrrrddddaannn

3.4a=57.8 what is the the value of a

Answers: 2

continue

You know the right answer?

You’ve won $1 million but aren’t receiving it all today. Rather, you get $100,000 today, then $100,0...