Question
Assume that you won a $ 20 million lottery. You are to receive $1 million a year for 10 years plus an additional $10 million
Assume that you won a $ 20 million lottery. You are to receive $1 million a year for 10 years plus an additional $10 million lump sum payment at the end of the tenth year. What is the present value of this lottery payment schedule at an assumed discount rate of 3 %?
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Aubrey Wilsons Marketing Audit Check Lists A Guide To Effective Marketing Resource Realization
Authors: Aubrey Wilson
1st Edition
0070845743, 978-0070845749
