Question
Today is your lucky day! You've just won the $2 million main prize in the City of Pomona lottery. But there's a catch: the fineprint
| Today is your lucky day! You've just won the $2 million main prize in the City of Pomona lottery. But there's a catch: the fineprint says that the money you won will be given to you on your hundredth birthday, which is 67 years from today. |
| If the appropriate discount rate is 9 percent, what are your lottery winnings worth to you today? Present Value: |
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Gapenskis Fundamentals Of Healthcare Finance
Authors: Paula H. Song, Kristin L. Reiter
3rd Edition
1567939759, 978-1567939750
