Question
Blue Spruce won a lottery that will pay him $3550000 after 15 years. Assuming an appropriate interest rate is 4% compounded annually, what is the
Blue Spruce won a lottery that will pay him $3550000 after 15 years. Assuming an appropriate interest rate is 4% compounded annually, what is the present value of this amount?
$6393337.
$1971173.
$2130000.
$39470285.
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Trusted Advisors Key Attributes Of Outstanding Internal Auditors
Authors: Richard F. Chambers, President And CEO Of The IIA
1st Edition
0894139819, 978-0894139819
