Question
On January 1, you win $800,000 in the state lottery. The $800,000 prize will be paid in equal installments of $80,000 over 10 years. The
On January 1, you win $800,000 in the state lottery. The $800,000 prize will be paid in equal installments of $80,000 over 10 years. The payments will be made onDecember 31 of each year, beginning on December 31 of the current year. If the current interest rate is 6%, determine the present value of your winnings. Round to the nearest whole dollar.
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Understanding And Conducting Information Systems Auditing
Authors: Arif Ahmed, Veena Hingarh
1st Edition
1118343743, 978-1118343746
