Question
John won a lottery that will pay him $100,000 at the end of each of the next twenty years. Assuming an appropriate interest rate is
John won a lottery that will pay him $100,000 at the end of each of the next twenty years. Assuming an appropriate interest rate is 8% compounded annually, what is the present value of this amount?
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EAuditing Fundamentals Virtual Communication And Remote Auditing
Authors: J.P. Russell, Shauna Wilson
1st Edition
0873898486, 978-0873898485
