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As the winner of a lottery you are promised 15 payments of $1.04 million each year starting a year from now. If the discount rate
As the winner of a lottery you are promised 15 payments of $1.04 million each year starting a year from now. If the discount rate is 0.085, what is the present value of your winnings?
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Finance Introduction To Institutions Investments And Management
Authors: Ronald W. Melicher, Edgar A. Norton
12th Edition
0471675792, 9780471675792
