Business, 24.04.2020 19:55 victoriapellam04

Suppose that you win the Powerball Lottery. The stated prize is $358 million. If you agree to take the payout over 30 years in the form of an annuity due, then each payment equals the stated prize divided by 30. The first payment will be made to you immediately, and the remaining 29 future payments will be paid out annually (beginning one year from today).

Alternatively, you can take the lump sum payout. This payout is calculated as the present value of the annuity due described above. The annual rate of return used in this calculation is the estimated rate of return that the sponsor (the Multi-State Lottery Association, or MUSL) forecasts that it can earn by investing the funds necessary to support the annuity payout. For the sake of this example, suppose that the projected annual rate of return is 4.51% per year.

What is the lump sum payout (before taxes, of course)?

Express your answer in $ millions to 3 decimal places. (For example, type "10" for "$10 million" or "$10,000,000": or 11.253 for "$11, 253 million" or "$11, 253,000")

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 05:50

Acompany that makes shopping carts for supermarkets and other stores recently purchased some new equipment that reduces the labor content of the jobs needed to produce the shopping carts. prior to buying the new equipment, the company used 6 workers, who produced an average of 79 carts per hour. workers receive $16 per hour, and machine coast was $49 per hour. with the new equipment, it was possible to transfer one of the workers to another department, and equipment cost increased by $11 per hour while output increased by four carts per hour. a) compute the multifactor productivity (mfp) (labor plus equipment) under the prior to buying the new equipment. the mfp (carts/$) = (round to 4 decimal places). b) compute the productivity changes between the prior to and after buying the new equipment. the productivity growth = % (round to 2 decimal places)

Answers: 3

Answer

Business, 22.06.2019 14:20

In canada, the reference base period for the cpi is 2002. by 2012, prices had risen by 21.6 percent since the base period. the inflation rate in canada in 2013 was 1.1 percent. calculate the cpi in canada in 2013. hint: use the information that “prices had risen by 21.6 percent since the base period” to find the cpi in 2012. use the inflation rate formula (inflation is the growth rate of the cpi) to find cpi in 2013, knowing the cpi in 2012 and the inflation rate. the cpi in canada in 2013 is round up your answer to the first decimal. 122.9 130.7 119.6 110.5

Answers: 1

Answer

Business, 22.06.2019 14:30

Stella company sells only two products, product a and product b. product a product b total selling price $50 $30 variable cost per unit $20 $10 total fixed costs $2,110,000 stella sells two units of product a for each unit it sells of product b. stella faces a tax rate of 40%. stella desires a net afterminustax income of $54,000. the breakeven point in units would be

Answers: 3

Answer

Business, 22.06.2019 15:10

On december 31, 2013, coronado company issues 173,000 stock-appreciation rights to its officers entitling them to receive cash for the difference between the market price of its stock and a pre-established price of $10. the fair value of the sars is estimated to be $5 per sar on december 31, 2014; $2 on december 31, 2015; $10 on december 31, 2016; and $8 on december 31, 2017. the service period is 4 years, and the exercise period is 7 years. prepare a schedule that shows the amount of compensation expense allocable to each year affected by the stock-appreciation rights plan.

Answers: 2

Answer

You know the right answer?

Suppose that you win the Powerball Lottery. The stated prize is $358 million. If you agree to take t...

Questions