Question
The $ 224,286,054 lottery that you just won actually pays ($ 224,286,054 divided by 33 ) per year for 33 years. If the discount rate
The $ 224,286,054 lottery that you just won actually pays ($ 224,286,054 divided by 33 ) per year for 33 years. If the discount rate is 8 percent, and the first payment comes in 1 year, what is the present value of the winnings?
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Handbook Of Consumer Finance Research
Authors: Jing J. Xiao
1st Edition
1441926046, 978-1441926043
