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Suppose a lottery payout is $100,000 per year for the next ten years. If the annual interest rate is 5%, how much is this lottery
Suppose a lottery payout is $100,000 per year for the next ten years. If the annual interest rate is 5%, how much is this lottery prize worth today?
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Introduction To Finance Financial Management And Investment Management
Authors: Pamela P. Drake, Frank J. Fabozzi, Francesco A. Fabozzi
1st Edition
9811239657, 978-9811239656
