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i need this ASAP The Caldwell Herald newspaper reported the following story Frank Ormsby of Caldwell is the state's newest millionaire By choosing the six
i need this ASAP
The Caldwell Herald newspaper reported the following story Frank Ormsby of Caldwell is the state's newest millionaire By choosing the six winning numbers on last week's state lottery, Mr. Ormsby will receive $58,000 a year for 20 years. Click here to view Exhibit 149.1 and Exhib 148.2. to determine the appropriate discount factor(s) using tables Required: Assuming a discount rate of 14%, what is the present value of his winnings? (Enter your answer in dollars and not in millions of dollars.) Presale Step by Step Solution
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