Dorothy Taylor has won a state lottery and will receive a payment of $93,000 every year, starting today, for the next 20 years. If she invests the proceeds at a rate of 5.76 percent, what is the present value of the cash flows that she will receive? (Round factor values to 4 decimal places, e.g. 1.5212 and final answer to nearest whole dollar, e.g. 5275.)
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Ответ:
$30,342
Explanation:
Given the following ;
Cash flow per period = $93,000
Rate = 5.76%
Years = 20
Using the formula
pv = (C) ÷ (1 + r) ^n
Where,
pv = present value
C = cash flow at first period =$93,000
r = rate = 5.76% = 0.0576
n = period = 20years
pv = (93,000) ÷ (1 + 0.0576)^20
pv = 93000 ÷ (1.0576)^20
pv = 93000 ÷ 3.0650
pv = $30,342
Ответ:
the correct answer is a. i just took this test on apex ; )