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Lauren won the $41 million lottery. She receives $1.6 million a year for the next 19 years plus an additional lump sum payment of $12.5
Lauren won the $41 million lottery. She receives $1.6 million a year for the next 19 years plus an additional lump sum payment of $12.5 million after 19 years. The discount rate is 12 per cent. What is the current value of her winnings?
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Finance And Occupational Pensions
Authors: Charles Sutcliffe
1st Edition
1349948624, 978-1349948628
