Question
Bill won the $53 million lottery. He is to receive $2 million a year for the next 20 years plus an additional lump sum payment
Bill won the $53 million lottery. He is to receive $2 million a year for the next 20 years plus an additional lump sum payment of $13 million at the end of the 20 years. Assuming a discount rate of 10%, what is the present value of his
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Public Finance
Authors: Harvey S. Rosen
5th Edition
025617329X, 978-0256173291
