Maurice Tutor

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About Maurice Tutor

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Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 402 Weeks Ago, 5 Days Ago
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 18 Aug 2017 My Price 6.00

Greenleaf Investments

You have just won the lottery. You will receive $2,510,000 today, and then receive 40 payments of $1,255,000 These payments will start one year from now and will be paid every six months. A representative from Greenleaf Investments has offered to purchase all the payments from you for $25 million. The interest rate is a 8 percent APR compounded daily. Assume there are 12 months in a year, each with 30 days.

  

What is the present value of the cash flows from your lottery winnings? (Do not round intermediate calculations and round your final answers to 2 decimal places. (e.g., 32.16))

  

Present value $ 

 

Answers

Maurice Tutor
(5)
Status NEW Posted 18 Aug 2017 11:08 PM My Price 6.00

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