Question
Millie had just won the Golden Rush sweepstake and will be receiving 80,000 at the end of each year for the rest of her life.
Millie had just won the Golden Rush sweepstake and will be receiving 80,000 at the end of each year for the rest of her life. Using a growth rate of 6% and interest rate of 10%; calculate the value of her cash flow.
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Financial Accounting and Reporting a Global Perspective
Authors: Michel Lebas, Herve Stolowy, Yuan Ding
4th edition
978-1408066621, 1408066629, 1408076861, 978-1408076866
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