Hi FASB- Topi Graw H840-30-35 United Intranet le Revenue Sen rombie &FitchHollis

Question

Hi FASB- Topi Graw H840-30-35 United Intranet le Revenue Sen rombie &FitchHollister Co Carpe N i Hoe Help Save & Exit Present and future value tables of SI at 3% are presented below. 1 1.03888 8.97887 2 1.86890 8.94268 3 1.09273 .91514 4 1.12551 .88849 1.8600 .97887 10300 1.eeeee 2.0300 1.91347 3.8989 2.82861 4.1836 2.09091.97887 .18362.91347 091 15927 8.86261 5.3891 4.5797 5.4684 4. 83748 6.4684 5.41719 7.6625 6.23028 8.89237.81969 6 1.19485 .83748 .89236.41719 9.15917.23828 9 1.30477 0.7664210.1591 7.7861110.4639 8.01969 1 1.34 39210.74489 11.4639 8.5382e! 11.8878 8.78611 7 1.22987 8.81389 8 1.26677 8.78941 0.72242 12.8078 9.25 11 1.3842 12 1.42576 8.70138 13 1.468538.68e95 14 1.512598.66112 17.8863 11.29687 14.1920 9.95400 14.61781.25262 15.6178 10.63496 16.0863 10.95400 17.5989 11.63496 18.5989 11.9379419.1569 12.29607 20.1569 12.5611020.7616 12.93794 16 1.68471 8.623 Shelley wants to cash in her winning lottery ticket. She can either receive eight $100,000 semiannual payments starting today, or she can receive a single-amount payment Oday based on a 6% annual interest rate what is the single-amount payment she can receive today?

Explanation / Answer

PVAD = $100,000 × 7.23028* = $723,028

*PVAD of $1: n = 8; i = 3%

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