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Sammy won the lottery and will receive $10,000,000 three years from now. Assuming an annual interest rate of 2.71%, what is the present value of
- Sammy won the lottery and will receive $10,000,000 three years from now. Assuming an annual interest rate of 2.71%, what is the present value of his winnings?
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| A. | $7,612,306.92 |
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| B. | $9,299,152.29 |
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| C. | $13,565,280.53 |
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| D. | $14,112,343.27 |
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Public Finance
Authors: Harvey S. Rosen
5th Edition
025617329X, 978-0256173291
