26. Annuities due (S2.2) The $40 million lottery prize that you have just won actually pays out...
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26. Annuities due (S2.2) The $40 million lottery prize that you have just won actually pays out
$2 million a year for 20 years. The interest rate is 8%.
a. If the first payment comes after 1 year, what is the present value of your winnings?
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Related Book For 
Principles Of Corporate Finance
ISBN: 9781264080946
14th Edition
Authors: Richard Brealey, Stewart Myers, Franklin Allen, Alex Edmans
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