Question
Emma Boynton is the lucky winner of the state lottery and is going to receive 24 payments of $ 100,000 per year Note that she
Emma Boynton is the lucky winner of the state lottery and is going to receive 24 payments of $ 100,000 per year Note that she receives her first payment TODAY ( NOT at the end of the first year ) . If the annual interest rate is 3 %
calculate the present value of her winnings is closest to $?
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Macroeconomics Principles Applications And Tools
Authors: Arthur O Sullivan, Steven M. Sheffrin, Stephen J. Perez
7th Edition
978-0134089034, 9780134062754, 134089030, 134062752, 978-0132555234
