Question
Celine Dion just won aName ThatTune contest with a grand prize of $280,000. However, the contest stipulates that the winner will receive $80,000 immediately, and
Celine Dion just won a"Name ThatTune" contest with a grand prize of $280,000. However, the contest stipulates that the winner will receive $80,000 immediately, and the remainder divided equally at the end of each of the next 8 years. Assuming that she can earn 4% on hermoney, what is the present value of herwinnings?
What is the present value of thewinnings?
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Payroll Accounting 2017
Authors: Jeanette Landin, Paulette Schirmer
3rd edition
1259572188, 1259572180, 1259742512, 9781259742514, 978-1259572180
