Rita Gonzales won the $60 million lottery. She is to receive $1 million a year for the

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Rita Gonzales won the $60 million lottery. She is to receive $1 million a year for the next 50 years plus an additional lump sum payment of $10 million after 50 years. The discount rate is 10 percent. What ts the current value of her winnings?

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Foundations Of Financial Management

ISBN: 9780073295817

12th Edition

Authors: Stanley B Block, Geoffrey A Hirt

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