Question
The $44 million lottery prize that you have just won actually pays out $4.0 million a year for 20 years. The interest rate is 10.0%.
The $44 million lottery prize that you have just won actually pays out $4.0 million a year for 20 years. The interest rate is 10.0%.
a. If the first payment comes after 1 year, what is the present value of your winnings? (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.)
b. What is the present value if the first payment comes immediately? (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.)
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How Anyone Can Invest In Crypto Currency
Authors: D.m. Brooks
1st Edition
1521940541, 978-1521940549
