nelley wants to cash in her winning lottery ticket She can either receive ten, $194,000 semiannual payments starting today, or she ca ceive a single-amount payment today based on a 6% annual interest rate. What is the single-amount payment she can recelve today

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Multiple Choice
$1,704,505.
$980,299.
$1123.800.
$1.056.552
( Prev
10 of 15
Transcribed Image Text:Multiple Choice $1,704,505. $980,299. $1123.800. $1.056.552 ( Prev 10 of 15
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FV $1
PV $1
FVA $1
PVA $1
FVAD $1
PVAD $1
1 1.03000 0.97087
1.0000
0.97087
1.0300
1.00000
2 1.06090 0.94260
3 1.09273 0.91514
2.0300
1.91347
2.0909
1.97087
3.0909
2.82861
3.1836
2.91347
4 1.12551 0.88849
4.1836
3.71710
4.3091
3.82861
5 1.15927 0.86261
5.3091
4.57971
5.4684
4.71710
5.57971
6 1.19405 0.83748
7 1.22987 0.81309
8 1.26677 0.78941
9 1.30477 0.76642
10 1.34392 0.74409 | 11.4639
11 1.38423 0.72242 12.8078
12 1.42576 0.70138| 14.1920
6.4684
5.41719
6.6625
7.6625
6.23028
7.8923
6.41719
8.8923
7.01969
9.1591
7.23028
10.1591
7.78611 |10.4639
8.01969
8.53020
11.8078
8.78611
9.25262
13.1920
9.53020
9.95400
14.6178 10.25262
16.0863 10.95400
13 1.46853 0.68095| 15.6178 10.63496
14 1.51259 0.66112 17.0863 11.29607 17.5989 |11.63496
15 1.55797 0.64186 18.5989 11.93794
16 1.60471 0.62317| 20.1569 12.56110
19.1569 12.29607
20.7616 |12.93794
Shelley wants to cash in her winning lottery ticket She can eitherreceive ten, $194,000 semiannual payments starting taday, or she can
receive a single-amount payment today based on a 6% annual interest rate. What is the single-amount payment she can recelve today?
< Prev.
10 of 15
Next >
Transcribed Image Text:ucation.com/ext/map/index.html?_con3con&external_browser%3D0&launchUrl=https%253A%252F%252Fbbhosted.cuny.edu%252Fwebapps%252Fporta2521 Login - Module 5 Chap 1& Office templates & .. Saved Help Save & Exit Chapter 5 FV $1 PV $1 FVA $1 PVA $1 FVAD $1 PVAD $1 1 1.03000 0.97087 1.0000 0.97087 1.0300 1.00000 2 1.06090 0.94260 3 1.09273 0.91514 2.0300 1.91347 2.0909 1.97087 3.0909 2.82861 3.1836 2.91347 4 1.12551 0.88849 4.1836 3.71710 4.3091 3.82861 5 1.15927 0.86261 5.3091 4.57971 5.4684 4.71710 5.57971 6 1.19405 0.83748 7 1.22987 0.81309 8 1.26677 0.78941 9 1.30477 0.76642 10 1.34392 0.74409 | 11.4639 11 1.38423 0.72242 12.8078 12 1.42576 0.70138| 14.1920 6.4684 5.41719 6.6625 7.6625 6.23028 7.8923 6.41719 8.8923 7.01969 9.1591 7.23028 10.1591 7.78611 |10.4639 8.01969 8.53020 11.8078 8.78611 9.25262 13.1920 9.53020 9.95400 14.6178 10.25262 16.0863 10.95400 13 1.46853 0.68095| 15.6178 10.63496 14 1.51259 0.66112 17.0863 11.29607 17.5989 |11.63496 15 1.55797 0.64186 18.5989 11.93794 16 1.60471 0.62317| 20.1569 12.56110 19.1569 12.29607 20.7616 |12.93794 Shelley wants to cash in her winning lottery ticket She can eitherreceive ten, $194,000 semiannual payments starting taday, or she can receive a single-amount payment today based on a 6% annual interest rate. What is the single-amount payment she can recelve today? < Prev. 10 of 15 Next >
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