Suppose that you have won the Florida Lotto worth $18 million. Further suppose that the State of

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Suppose that you have won the Florida Lotto worth $18 million.

Further suppose that the State of Florida will pay you the winnings in 20 annual installments, starting immediately, of $900,000 each.

If your opportunity cost is 10%, what is the value today of these 20 installments?

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Financial Management And Analysis (Frank J. Fabozzi Series)

ISBN: 9780471477617

2nd Edition

Authors: Frank J. Fabozzi, Pamela P. Peterson

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Question Posted: Jun 10, 2024 02:12 AM

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Suppose that you have won the Florida Lotto worth $18 million. Further suppose that the State of

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Financial Management And Analysis (Frank J. Fabozzi Series)

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