1. Answer the following questions in a separate document. Explain how you reached the answer or
show your work if a mathematical calculation is needed, or both. Submit your assignment using
the assignment link.
This course requires the use of Strayer Writing Standards. For assistance and information, please
refer to the Strayer Writing Standards link in the left-hand menu of your course. Check with your
professor for any additional instructions.
Please respond to the following:
● You have just won the Strayer Lottery jackpot of $11,000,000. You will be paid in 26
equal annual installments beginning immediately. If you had the money now, you could
invest it in an account with a quoted annual interest rate of 9% with monthly
compounding of interest. What is the present value of the payments you will receive?
● In your own words and using various bond websites, locate one of each of the following
bond ratings: AAA, BBB, CCC, and D. Describe the differences between the bond
ratings. Identify the strengths and weaknesses of each rating.
2.