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Check my work Assume you won worldwide lottery that pays $1.25 million in year 0, $5 million in year 1, and $200,000 in years 5
Check my work Assume you won worldwide lottery that pays $1.25 million in year 0, $5 million in year 1, and $200,000 in years 5 through 100. Assuming that 100 years is as "long" as infinity, calculate the perpetual equivalent annual worth for years 1 through infinity at an interest rate of 10% per year. (Enter your answer in dollars and not in millions.) The perpetual equivalent annual worth for years 1 through infinity is $[
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