Question
Jane has won a local lottery where she will be paid $575 per month for the next 30 years. Based on an annual interest rate
Jane has won a local lottery where she will be paid $575 per month for the next 30 years. Based on an annual interest rate of 7%, how much is this annuity worth today?
Please provide excel formula with explanation
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Financial Informatics An Information Based Approach To Asset Pricing
Authors: Dorje C Brody, Lane Palmer Hughston, Andrea Macrina
1st Edition
9811246483, 978-9811246487
