Question
If you won the lottery of $5,000,000 amounting to 20 years of $250,000 payments. The interest rate is 6%, what is the prize worth today?
If you won the lottery of $5,000,000 amounting to 20 years of $250,000 payments. The interest rate is 6%, what is the prize worth today? Please circle the closest answer. Question 7 options: $2,870 $3,370 $3,870 $4,370
I have a TI-84 please let me know calculator instructions as well.
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Banking Secrecy And Global Finance
Authors: Donato Masciandaro, Olga Balakina
1st Edition
1137400099, 978-1137400093
