subject
Business, 28.07.2019 22:00 helen3327

You just won a lottery - congratulations! your parents have always told you to plan for the future, so since you already have a well-paying job you decide to invest rather than spend your lottery winnings. the payment schedule from the lottery commission is $100,000 after taxes at end of year one and 19 more payments of exactly $100,000 after taxes in equal annual end-of-the-year deposits (i. e., the first of the next 19 deposits is one year from today) into your account paying 7% compounded annually. how much money will be in your account after the last deposit is made? $3,637,896.48 $4,486,517.68 $2,000,000.00 $4,099,549.23

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 11:00
When the federal reserve buys bonds from or sells bonds to member banks, it is called monetary policy reserve ratio interest rate adjustment open market operations
Answers: 1
question
Business, 22.06.2019 11:30
What would you do as ceo to support the goals of japan airlines during the challenging economics that airlines face?
Answers: 1
question
Business, 22.06.2019 14:00
The following costs were incurred in may: direct materials $ 44,800 direct labor $ 29,000 manufacturing overhead $ 29,300 selling expenses $ 26,800 administrative expenses $ 37,100 conversion costs during the month totaled:
Answers: 2
question
Business, 22.06.2019 14:10
Carey company is borrowing $225,000 for one year at 9.5 percent from second intrastate bank. the bank requires a 15 percent compensating balance. the principal refers to funds the firm can effectively utilize (amount borrowed − compensating balance). a. what is the effective rate of interest? (use a 360-day year. input your answer as a percent rounded to 2 decimal places.) b. what would the effective rate be if carey were required to make 12 equal monthly payments to retire the loan?
Answers: 1
You know the right answer?
You just won a lottery - congratulations! your parents have always told you to plan for the future,...
Questions
question
Mathematics, 05.06.2021 01:00
question
History, 05.06.2021 01:00
Questions on the website: 13722363