You just won the lottery. You can take your $2 million in a lump sum today, or you can receive $220,000 per year over the next 12 years. Assuming a 6% interest rate, which would you prefer, ignoring tax considerations?
$220,000 × 8.384 = $1,844,480
Because the present value of the payments over 12 years is less than the $2 million immediate payment, you should take the immediate payment.
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Some events cannot occur together because the occurrence of one event makes the occurrence of the second event impossible. Such events are called
A) dependent events. B) independent events. C) conditional events. D) mutually exclusive events.
According to the Equal Employment Opportunity Commission (EEOC), employers are not allowed to impose dress codes and appearance policies.
Answer the following statement true (T) or false (F)
Free slack is calculated by finding the lowest of the values of total slack for all the activities entering into a specific activity and then
a. adding it from the values of total slack for the other activities also entering into that same activity. b. subtracting it from the values of total slack for the other activities succeeding after that same activity. c. subtracting it from the values of total slack for the other activities also entering into that same activity. d. adding it from the values of total slack for the other activities succeeding after that same activity.
Muscato Corporation estimates that its variable manufacturing overhead is $19.00 per machine-hour and its fixed manufacturing overhead is $1,442,100 per period.If the denominator level of activity is 7,500 machine-hours, the variable component in the predetermined overhead rate would be:
A. $208.75 per machine-hour B. $211.28 per machine-hour C. $19.00 per machine-hour D. $192.28 per machine-hour