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You Have a Choice Between a Lottery Lump Sum Payout

question 83

Multiple Choice

You have a choice between a lottery lump sum payout of $10,000,000 today or a series of thirty annual annuity payments (first payment one year from today) .At a discount rate of 7.50%,how large must the annual annuity payments be to make you indifferent between the two choices?


Definitions:

Net Present Value

The calculation used to determine the current value of a series of future cash flows, discounted back at a particular rate.

Required Rate of Return

The minimum percentage return an investor expects or requires from an investment to compensate for its risk.

Expected Cash Flows

Forecasted cash receipts and payments over a specified period, often used for investment appraisal.

Rate of Return

The profit or deficit experienced from an investment during a set timeframe, represented as a percent growth from the initial investment value.

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