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33 please help!! Peter Smith has just won the state lottery and has the following three payout options for after-tax prize money: dollar 50,000 per
33 please help!!
Peter Smith has just won the state lottery and has the following three payout options for after-tax prize money: dollar 50,000 per year at the end of each of the next six years dollar 300,000 (lump sum) now dollar 510,000 (lump sum) six years from now The annual discount rate is 9 percent. Compute the present value of the third option. (Round to nearest whole dollar.) Present value of dollar 1: dollar 250,000 dollar 76,667 dollar 79,467 dollar 303,960 Step by Step Solution
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