Question
Suppose that the prior lottery changes the rules. Now, your winnings will be $50,000 annual paymentfor the rest of your life starting immediately. a. Assuming
Suppose that the prior lottery changes the rules. Now, your winnings will be $50,000 annual paymentfor the rest of your life starting immediately.
a. Assuming a discount rate of 5% (APR), what is the present value of the lottery winnings?
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CFIN
Authors: Scott Besley, Eugene Brigham
5th edition
1305661656, 9781305888036 , 978-1305666870
