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Pamela won the lottery, and she has two choices. She can receive a total of dollars over 25 years in a constant income stream, or
Pamela won the lottery, and she has two choices. She can receive a total of dollars over 25 years in a constant income stream, or she can receive a single payment of 600,000 ollars today. Assume that the investment interest rate will be 5% over the next 25
years.
What is the present value of the constant income stream payment (to the neartest dollar)?
What is the present value of the single payment (to the neartest dollar)?
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Understanding And Auditing IT Systems Volume 2
Authors: Young-Woon Min
2nd Edition
1257758837, 978-1257758838
