Dalia won a lottery that would pay her $5000 in a year and $10,000 in two years.

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Dalia won a lottery that would pay her $5000 in a year and $10,000 in two years. If the lottery company had another option where she could receive an upfront amount now and another $7000 in one year, calculate the upfront amount that she would receive now from the second option, assuming that money is worth 2% compounded daily.

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Mathematics Of Business And Finance

ISBN: 9781927737545

4th Edition

Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans

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