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Scenario FIVE: Joey buys a lottery ticket on their 18th birthday and is declared the winner of the big prize-$5,000 per week for the rest
Scenario FIVE: Joey buys a lottery ticket on their 18th birthday and is declared the winner of the big prize-$5,000 per week for the rest of their life. Assume an interest rate of 6.5 %, compounded weekly 20. The formula from the FE Reference Guide (part of the Final Exom Formula Packet) that w allow you to answer this question is Break-even analysis b. Modified accelerated cost recovery system (MACRS) c. Book value d. Capitalized cost a. 21. The present worth of the prize is: a. $769,230 b. $4,000,000 c. $40,000 d. $76,923
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