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Nov 20, 2022 · A $1,000,000 state lottery prize is spread evenly over 10 years ($100,000 a year), or you may take a lump sum distribution of $654,000. If you can earn 7 percent interest, which …

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Problem 7-27 eBook Problem 7-27 A $700,000 state lottery prizes spread evenly over fourteen years (550,000 a year (Alemative 1) or you may take a lump distribution of $357,000 …

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Assume That You Just Won The State Lottery. Your Prize Can Be …

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A $1,000,000 state lottery prize is spread evenly over ten years ($100,000) years, or you may take a lump distribution of $654,000. If you can earn 7 percent, which alternative is better?

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A $1,000,000 state lottery prize is spread evenly over ten years ($100,000) years, or you may take a lump distribution of $654,000. If you can earn 7 percent, which alternative is better?

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Mar 19, 2015 · A $1,000,000 state lottery prize is spread evenly over 10 years ($100,000 a year), or you may take a lump distribution of $654,000. If you can earn 7 percent, which alternative is …

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May 22, 2024 · A $1,500,000 state lottery prize is spread evenly over ten years ($150,000 a year) (Alternative 1), or you may take a lump distribution of $1,381,000 (Alternative 2).

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On January 1, You Win $60,000,000 In The State Lottery. The

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A $500,000 state lottery prize is spread evenly over ten years ($50,000 a year) (Alternative 1), or you may take a lump distribution of $178,000 (Alternative 2).

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A $600,000 state lottery prize is spread evenly over twelve years ($50,000 a year) (Alternative 1), or you may take a lump distribution of $252,000 (Alternative 2).

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How much money does a state lottery winner get a year?

A $1,000,000 state lottery prize is spread evenly over 10 years ($$100,000 a year), or you may take a lump sum distribution of $654,000. If you can earn 7 percent interest, which alternative is better? Christina won the $70,000,000 Powerball Lottery. ...

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How much is a state lottery payment?

You have won the state lottery and need to choose your payment option. Assume a rate of 8%. Option 1 is $9,150,000 at the end of 3 years. Option 2 is $11,150,000 at the end of 5 years. Option 3 is equal annual payments of $2,500,000 each year for 4 years. ...

What happens if justice wins the lottery?

The lottery pays $10,000 every month for 100 months (8 years and 4 months). If the proper discount rate is 4% per year, what Justice wins the lottery. He wins $20,000 per year to be paid to him for 10 years. The state offers him the choice of a cash settlement now instead of the annual payments for 10 years. ...

How long will I receive a lottery payment?

You will receive payments for 25 years and the payments will increase by 2 percent per year. If the appropriate discount rate is You have just won the lottery and will receive $1,000,000 in one year. You will receive payments for 25 years and the payments will increase by 3.5 percent per year. If the appropriate discount rate i ...

What if I won a lottery for 20 years?

You have won a small lottery of $1,000,000. However, instead of a lump sum amount, the lottery will pay you $50,000 per year for 20 years. If interest is 4%, what is the present value of your winnings, assuming payments are received at the end of each yea You have just won the lottery and received $10,000. ...