Question
Today (at t=0) you won an odd lottery that pays you $1000 each odd year starting next year forever, i.e., it pays you $1000 at
Today (at t=0) you won an odd lottery that pays you $1000 each odd year starting next year forever, i.e., it pays you $1000 at t=1, 3, 5,... . To the nearest dollar, what is the present value of your winning if annual interest rate is 10%?
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Beyond Greed And Fear Understanding Behavioral Finance And The Psychology Of Investing
Authors: Hersh Shefrin
1st Edition
0195161211, 978-0195161212
