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32 please help!! Bill Jones has just won the state lottery and has the following three payout options for after-tax prize money: dollar 150,000 per
32 please help!!
Bill Jones has just won the state lottery and has the following three payout options for after-tax prize money: dollar 150,000 per year at the end of each of the next six years dollar 304,000 (lump sum) now dollar 500,000 (lump sum) six years from now The annual discount rate is 9 percentage. Compute the present value of the first option (Round your answer to the nearer whole dollar.) Present value of an ordinary annuity of dollar 1: Present value of dollar 1: dollar 750,000 dollar 672,900 dollar 454,000 dollar 450,050 Step by Step Solution
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