Finance - State lottery earnings

Jan 29th, 2014
Business Finance
Price: $5 USD

Question description

You and your coworkers just won $833,333 from the stae lottery. Assuming you each receive your share over 18 years and the state lottery earns 9% return on its funds, what is the present value of your prize before taxes if you request 'up-front cash option.

Assuming you each receive  each receive your share over 18 years and that the state lottery earn a 9% return on its funds, the present value of your prize before taxes  if you request up front cash ooptions

Tutor Answer

(Top Tutor) sagitahm
School: Rice University

Studypool has helped 1,244,100 students

Review from student
" Excellent job "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1826 tutors are online

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors