Winners of the Georgia Lotto drawing are given the choice of receiving the winning amount divided equally over 19 years or as a​ lump-sum cash option amount. The cash option amount is determined by discounting the annual winning payment at 8​% over 19 years. This week the lottery is worth ​$3 million to a single winner. What would the cash option payout​ be?

Answers

Answer 1

Answer:

$615,304.33

Explanation:

In order to solve this, we need to use the compound interest formula to calculate the final amount after deducting the 8% for 19 years. The formula is the following...

[tex]A = P(1 + \frac{r}{n} )^{nt}[/tex]

Where:

A = the future value of the investment/loan, including interest

P = the principal investment amount (the initial deposit or loan amount)

r = the annual interest rate (decimal)

n = the number of times that interest is compounded per unit t

t = the time the money is invested or borrowed for

Now we plug in the values and solve for A

[tex]A = P(1 + \frac{r}{n} )^{nt}[/tex]

[tex]A = 3000000(1 + \frac{-0.08}{1} )^{(1)(19)}[/tex]

[tex]A = 3000000(0.92 )^{19}[/tex]

[tex]A = 3000000 * 0.2051[/tex]

[tex]A = 615,304.33[/tex]

Therefore, the final lump sum payout would be $615,304.33


Related Questions

Please help ASAP will give 25 points.

What would happen to the document if the change “A” is pointing to was accepted?

a. The selected sentence would be inserted.

b. The comment would be deleted.

c. There would be no changes.

d. The selected sentence would be removed.

Please select the best answer from the choices provided
A B C D

Answers

Answer:

c

Explanation:

cuz dahvvhjfjhasjvgdvdsGHGhgdyhhgvlkmn,vzcnfdmndmdfnbdfbhcdhjcbcbdbnf

True or false:
Global marketing strategies are essential for 21st century businesses.

Answers

Answer:

true

Explanation:

Its an easier way to get your cash

:)

​(Compound value​) The Aggarwal Corporation needs to save ​$13 million to retire a ​$13 million mortgage that matures in 13 years. To retire this​ mortgage, the company plans to put a fixed amount into an account at the end of each year for 13 ​years, with the first payment occurring at the end of 1 year. The Aggarwal Corporation expects to earn 13 percent annually on the money in this account. What equal annual contribution must it make to this account to accumulate the $ 13 million in 13 ​years? In order to retire a ​$13 million mortgage that matures in 13 ​years, what equal​ end-of-year contribution must the Aggarwal Corporation make to an account that earns 13 percent​ annually?

Answers

Answer:

$433,550.11

Explanation:

This is an ordinary annuity since the first payment occurs in 1 year. We can use the future value of an annuity formula to determine the annual contribution that must be made to the account.

future value = annual contribution x annuity factor

annual contribution = future value / annuity factor

future value = $13,000,000FV annuity factor, 13%, 13 periods = 29.985

annual contribution = $13,000,000 / 29.985 = $433,550.11

why is it important to know about financial institutions? ​

Answers

Answer:

Financial institutions help to funnel money to the most successful businesses, which allows them to grow faster and supply even more of the desirable goods and services. This is how financial institutions greatly contribute to the efficient allocation of economic resources.

Explanation:

Answer:

In their desire to earn greater returns, financial institutions help to funnel money to the most successful businesses, which allows them to grow faster and supply even more of the desirable goods and services. This is how financial institutions greatly contribute to the efficient allocation of economic resources.

Explanation:

I hope this helps :)

what are some potential consequences of having poor oral communication skills?​

Answers

The report found that in addition to its effect on productivity, miscommunication also has a heavy emotional impact on employees. Loss of morale, stress and frustration abound when employees can't connect. That's a burden employees may carry home with them, affecting their home life and future work performance.

A government that wants to keep prices stable would most likely take which
action?
A. Eliminate employment programs for poor citizens
B. Reduce productivity to decrease the per capita GDP
C. Borrow money from foreign governments
o o
D. Decrease the money supply to slow the rate of inflation

Answers

Answer:

D

Explanation:

By decreasing the money supply you will naturally lower the rate of inflation. Assuming demand for the product remains the same over time you will see the prices for products stabilize as they no longer need to be adjusted for inflation.

Answer:

decrease the money supply is the right answer

Explanation:

Lisa is considering becoming a vet, so she has offered to help at the animal shelter without being
Paid.Lisa is doing what?

Answers

Answer:

volunteering

Explanation:

Hope this helps :)

please help due in an hour

Answers

a diamond cuz you can get 50000 bottles of water if you wanted
One diamond

The very first reason I would say is because it doesn’t specify how big of a diamond meaning the value could range from $100 to $100,000,000

The second reason is water is free in a sense you could get five empty bottles you find laying around and then go to a creek and fill them up with water. (You could get so much more for a diamond than a few bottles of water)

The last reason ( that goes along with the first two) is because it’s unique diamonds are hard to come across but water in the other hand is found almost every wear in fact it covers about 71% of earth.

Peter Samuels owns and manages his single-member LLC that provides a wide variety of financial services to his clients. He is married and will file a joint tax return with his spouse, Amy. His LLC reports $300,000 of qualified business income, W–2 wages of $120,000, with qualified property with an unadjusted basis of $75,000. Their taxable income before the QBI deduction is $285,000 (this is also their modified taxable income). Determine their QBI deduction for 2019.

Answers

Answer:

$60,000

Explanation:

Since Peter's taxable income before the QBI is $285,000, he can claim the maximum QBI deduction. The current phase out starts at $326,600 for married filing jointly or $163,300 for single filers.

Maximum QBI deduction = 20% x qualified business income (QBI) = 20% x $300,000 = $60,000

Lightskins or Darkskins


Or Other ?

Answers

Answer:

any kind of boy

Explanation:

I have no type

What is estimated tax?

Answers

Answer:

Estimated tax is a periodic advance pre-payment of taxes based on the amount of income that is earned and the amount of estimated tax liability that will have been incurred as a result.

7. Why do you think the graduation and retention rates for your selected colleges are displayed at the bottom of

the SAR? How might that information impact your college selection process?


Please I need help I speak little English

Answers

Answer:

It is on the bottom so you can compare the graduation and retention percentages all together and choose one together.

Explanation:

Because what if the college you want has low graduation rates, that would be bad for you, so by including it on the bottom, you calook at them all together and choose the best for you.

The graduation and retention rates are displayed at the bottom of the Students Aid Report in order to

The Students Aid Report refers to the document that gives a student the basic information that will be vital on knowing the eligibility for the Federal financial aid.

The graduation rate is important as it helps the student to know the quality of the school. It is also vital as it helps the person in knowing the number of students who finish their degrees as at when due.

With the graduation and retention rates for the colleges displayed at the bottom of  the Students Aid Report, students can make right choices about the schools.

In conclusion, with the above information, the student can then choose the best school that he believes will be good for him or her.

Read related link on:

https://brainly.com/question/21345677

What is improved oven? in your own words.

Answers

Answer:

improved oven means improved cooking

what is a Graphical user interference (GUI)?

Answers

Answer: A graphical user interface (GUI) is a type of user interface through which users interact with electronic devices via visual indicator representations.

Explanation:

Answer:

A  Graphical user interface is used for people to use to interact with an electronic device's vias visual indicator representations.

Hope this helps :)

which of the these best describes the tax rates shown to the graph?
A-as income increases, the percentage of tax paid decreases.
B-as income increases,the percentage of tax paid increases.
C- for all income levels, the percentage of tax paid is about 20%.
D-for all income levels, the percentage of tax paid less than 20% ​

Answers

Answer:

the answer is B income increases, the percentage of tax paid increases.

This option in the Help tab allows you to view options and shortcuts when using a screen reader.

Accessibility
Contact Support
Feedback
What's New

Answers

Answer:

Accessibility

Explanation:

I took a test and 100% got it correct so you can trust me

Have a great day!

Answer: The answer is Accessibiliy, because i took this test and i got this answer right!!

Explanation:

have great day.

PLEASE HELP ME WITH THIS! Identify the ways of talking during a group discussion that are cooperative or create conflict.
I don’t think I agree.
Could you explain?

Wow! That sounds dumb.

Let's ask what everyone
feels about this.

I understand how you feel,
but I’d like you to consider
a different perspective.

You’re not making any
sense right now.

Answers

Answer:

I understand how you feel,

but I’d like you to consider

a different perspective.

Explanation:

i hope this helps :)

Answer:

Drag each label to the correct category.

Identify the ways of talking during a group discussion as either cooperative or conflict-creating.

I don't understand

what you’re saying.

Could you clarify?

Your perspective is

limited.

So you can't

see the truth.

I understand what

you mean, but let's

ask if everyone feels

the same way.

I am open to your

views, but would

you mind considering

my perspective as well?

What I say is right

because I have proof.

Do you still

want to argue?

Explanation:

A large city offers many venues for watching a concert. A listing of concert venues for the city includes the following information: the number of seats, the age of the venue, the number of nearby parking spaces, and the location of the venue (inside or outside). What are the individuals in the data set?

concert venues
seats
ages of the venue
parking spaces

Answers

Answer:

A. concert venues

Answer:

A

Explanation:

A SWOT analysis helps companies put a priority on market research.
O True
O False​

Answers

A SWOT does put priority on market research.
True

The Clean ’n Green recycling company identified 150 apartment complexes (worth~$500K annually in potential contracts) that don’t offer recycling for tenants even though tenants have requested the service. A recent change in city laws mandates that large apartment complexes must recycle. The city is offering a subsidy to cover the first two years of a recycling service to ensure the law can be met. Clean ’n Green has not contacted the complex owners yet. Which one of the criteria for defining a potential market is missing from this analysis?

Answers

Answer:

an organization has the ability to pay for the service

Explanation:

Potential markets are defined as business opportunities that can be captured in the future. For example of a company plans to expand its product offerings to a new segment of customers, the new set of customers are it's potential market.

Criteria for potential market includes: substantial number of customers, ability to pay for a service, identifiable and measurable, and accessibility.

In this scenario Clean ’n Green recycling don’t offer recycling for tenants even though tenants have requested the service, and recent change in city laws mandates that large apartment complexes must recycle.

The organisation is not meeting the criteria of having the ability to pay for the service.

A study is being conducted on the number of people who frequent a certain breakfast buffet and how often they visit the buffet during a six-month period.

Complete the statements based on the information.

The individuals in the study are
.

The variable in the study is
.

Answers

Answer:

The individuals in the study are people who visit the breakfast bufftet.

The variable in the study is the number of times a peraon visits the buffet in six months.

The Complete statements based on the given information, “A study is being conducted on the number of people who frequent a certain breakfast buffet and how often they visit the buffet during a six-month period.” are:

The individuals in the study are people who visit the breakfast buffet.

The variable in the study is the number of times a person visits the buffet in six months.

What is information?

Information is data that helps in analyzing a situation or an event or anything which can be calculated, measured, and analyzed. Information can be in any form such as in form of numbers, facts, figures, analyses, statements, and so on. in today’s era of information technology, information is considered the new fuel which is driving the whole world at the same time.

Learn more about the information here:

https://brainly.com/question/13629038

#SPJ2

Lovely lawns, inc., intends to use sales of lawn fertilizer to predict lawn mower sales. The store manager estimates a probable six-week lag between fertilizer sales and mower sales. The pertinent data are: period fertilizer sales (tons) number of mowers sold (six-week lag) period fertilizer sales (tons) number of mowers sold (six-week lag) 1 1.6 10 8 1.3 7 2 1.3 8 9 1.7 10 3 1.8 11 10 1.2 6 4 2.0 12 11 1.9 11 5 2.2 12 12 1.4 8 6 1.6 9 13 1.7 10 7 1.5 8 14 1.6 9
a. Determine the correlation between the two variables. Does it appear that a relationship exists between these variables will yield good predictions

Answers

Answer:

correlation between variables (r) = 0.959 and this signifies a positive relationship between the variables

Explanation:

A) Determine the correlation between the two variables

we have to apply simple Linear regression ( least square method )

attached below is the table

Regression equation ( y ) = a + bx

y = dependent variable ( mower )

x = independent variable ( fertilizer)

a = intercept point ( y axis and regression line )

b = slope ( regression line )

From the attached table

N = 14 ,    Σ x = 22.8,  

Σy = 131,   Σy^2 = 1269,

Σx^2 = 38.18,      (Σx)^2 = 519.84

Σxy = 219.8,       (Σy)^2 = 17161

correlation between variables (r) = 0.959 and this signifies a positive relationship between the variables

Which of the following is a characteristic of economic services:
A) tangible
B) freely available to everyone
C) useful
D) non-transferable

Answers

Answer:

useful

Explanation:

i got it from USA test prep

You hear a pitch where the founder says he'll reach $30 million in sales in 5 years. His first-year sales are projected at $5 million. Which is closest to the compound growth rate he is implying?

Answers

Answer:

43.1%

Explanation:

Working out the interest rate given the Present Value, a Future Value and how many Periods.

The applicable formula is  r = ( FV / PV )1/n - 1

Where r= interest rate

FV = future value... 30 m

Pv= present value... 5 m

n= number of periods.. 5

R = ( 30,000,000/ 5,000,000)1/5 -1

R=(6)0.2 -1

R=1.430969-1

R=0.430969

As a percentage , R=0.430969 x 100

=43.096

=43.1%

Answer:

56%

Explanation:

Research the consumer services industries in United States. Choose any one of the consumer services companies and write an essay of about 500 words on how a diverse economy such as the United States can satisfy the needs of its consumers. Consider different cultures and languages, services offered to lower socioeconomic populations, or services offered to disabled consumers or women. Also analyze the challenges faced by the consumer service industry.

Answers

Housing

During the recession and several years after, the housing sector suffered immeasurably. Businesses in the sector declared bankruptcy, unable to retain demand for their services. Fortunately, as demand for housing has slowly started to trend upward and consumer incomes have expanded, demand for home services has also recovered. The Landscaping Services industry is estimated to grow at an annualized rate of 1.3% to $70.6 billion in the five years to 2013. Operators in this industry are currently enjoying an estimated 6.0% profit margin and face a rosy outlook. Continuous recovery in the construction sector and in consumers’ wallets will underpin the industry’s forecast growth of 5.9% in the next five years.

i like peopel but people dont like me so what do i do i woulder why so can so who can help me please because no one wants to so please help me.

Answers

Well, if there is a certain person you’re after maybe take it slow and try to find things you have in common. Both in friendly and romantic situations it’s good to understand each other and not overstep boundaries. Be friendly, don’t lie to them, encourage them. But don’t let them walk over you, you have to be your own person as well, people like originality and unique things. Show them something new, something that you like, but listen to them when they talk about their interests, it’s a back and forth thing. It should be 50/50. You give, they give. You listen, they listen. Hope this helps!! ☆*:.。. o(≧▽≦)o .。.:*☆

Steve is a California resident who lives and works as a computer consultant in Walnut Creek. He earned $75,000 while working for XYZ LTD in 2018. Steve additionally had a contract job from ABC Co. based in Washington. His contract earnings totaled $17,000 in 2018. What amount is Steve’s total California resident income in 2018?

Answers

Answer:

$92,000

Explanation:

Steve is a California resident who lives and works as a computer consultant

He earned $75,000 while working for XYZ LTD in 2018

He also for a contract job from ABC corporation which totalled $17,000

Therefore Steve total California resident income for 2018 can be calculated as follows

$75,000 + $17,000

= $92,000

Hence Steve total California resident income for 2018 is $92,000

Furtastic manufactures imitation fur garments. On June 1, 2021, Furtastic made a sale to Willett’s Department Store under terms that require Willett to pay $200,000 to Furtastic on June 30, 2021. In a separate transaction on June 15, 2021, Furtastic purchased brand advertising services from Willett for $22,000. The fair value of those advertising services is $10,000. Furtastic expects that 2% of all sales will prove uncollectible. Prepare the journal entries to record the transactions above. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Answers

Answer and Explanation:

The Journal entry is presented below:-

1. Accounts receivable Dr, $200,000  

       To Sales revenue $200,000

(Being sales revenue is recorded)

2. Advertising expense Dr, $10,000

Sales revenue Dr, $12,000

     To Cash $$22,000

(Being expenses is recorded)

Cash Dr, $200,000

    To Accounts Receivable $200,000

(Being cash receipt is recorded)

Margaret is a nun. She teaches world religions at the local high school and students often describe her as someone they can talk to without feeling judged. They also say she really seems to understand the difficulties of a teenager. Which qualifications most likely help Margaret get those reviews?


ability to provide spiritual guidance, and social awareness


knowledge of a specific religion, and critical thinking skills


research skills, and knowledge of psychology


knowledge of counseling strategies, and organizational skills for planning activities

Answers

Answer:

the ability to provide spiritual guidance and social awareness.

Explanation:

The most likely qualifications that the nun has are the ability to provide spiritual guidance and social awareness. Being a nun means that Margaret has experience in providing spiritual guidance, this gives the students a sense of calm and non-judgmental advice to help them navigate through their struggles. At the same time, Margaret most likely has a high level of social awareness from being surrounded by hundreds of students every day. This allows Margaret to see the everyday issues that these teenage students are facing on a daily basis which helps her understand and come up with special guidance for certain scenarios.

Answer:

A

Explanation:

During the first quarter of the Super Bowl, Chris keeps track of actual game time vs. time devoted to commercials. Game time amounted to 35 minutes; commercials comprised 14 minutes. What fraction of the total time was the actual game shown? *

Answers

Answer:

5/7

Explanation:

The total time will be the aggregate of commercials and game time

=35 mins + 14 mins

=49 mins

game times as a fraction of total time

=35/49

=5/7

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