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14. value: 2.00 points You have just won the lottery and will recelve $590,000 in one year. You will receive payments for 28 years, which
14. value: 2.00 points You have just won the lottery and will recelve $590,000 in one year. You will receive payments for 28 years, which will increase 4 percent per year. The appropriate discount rate is 12 percent. Required: What is the present value of your winnings? O $51,364,894 $6,191,081 $6,449,043 $51,364,894 $24.703
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Handbook Of Quantitative Finance And Risk Management
Authors: Cheng-Few Lee, John Lee
2010th Edition
0387771166, 978-0387771168
