Question
Question 8 (6.66 points) You just won a contest. The prize is a lump sum payment of $ 49,276 , however, you will not receive
Question 8(6.66 points)
You just won a contest. The prize is a lump sum payment of $ 49,276 , however, you will not receive this payment for 18 years. Compute the present value of your prize assuming a discount rate of 13 percent per annum.(Round your answer to 2 decimal places; record your answer without commas and without a dollar sign).
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Business Mathematics
Authors: Gary Clendenen, Stanley A Salzman, Charles D Miller
12th Edition
0135109787, 9780135109786
