Question
A $1,000,000 lottery prize pays $50,000 per year for the next 20 years. If the current rate of return is 3.75%, what is the present
A $1,000,000 lottery prize pays $50,000 per year for the next 20 years. If the current rate of return is 3.75%, what is the present value of this prize? (Assume the lottery pays out as an ordinary annuity. Round your answer to the nearest cent.)
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The Complete FinOps Handbook Essential Tools And Techniques For Financial Operations
Authors: Peter Bates
1st Edition
1922435546, 978-1922435545
