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TIVUITTO = = == Class: Paragraph RIVIT 1101 Time Value of Money 1. Keenan has won the lottery for $10,000,000. He is offered a cash
TIVUITTO = = == Class: Paragraph RIVIT 1101 Time Value of Money 1. Keenan has won the lottery for $10,000,000. He is offered a cash payment now of $7,500,000, or 10 annual payments of $1,000,000. What is the interest rate that makes these two amounts equal? If you can invest at 8% how much would you have after 10 years you invested the $7,500,000
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