Question
The statelottery's million-dollar payout provides for $1.1 million to be paid in 25 installments of $44000 per payment. The first 44,000 payment is madeimmediately, and
The statelottery's million-dollar payout provides for $1.1 million to be paid in 25 installments of $44000
per payment. The first
44,000 payment is madeimmediately, and the 24 remaining $44,000 payments occur at the end of each of the next 24. If 12
percent is the discountrate, what is the present value of this stream of cashflows?
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Matlab An Introduction with Applications
Authors: Amos Gilat
5th edition
1118629868, 978-1118801802, 1118801806, 978-1118629864
