Question
Two rival football fans have made the following wager: if one fan's college football team wins the conference title outright, the other fan will donate
Two rival football fans have made the following wager: if one fan's college football team wins the conference title outright, the other fan will donate
$1 comma 4001,400
to the winning school. Both schools have had relatively unsuccessful teams, but are improving each season. If the two fans must put up their potential donation today and the discount rate is
66%
for the funds, what is the required upfront deposit if we expect a team to win the conference title in
44
years?
1212
years?
1818
years?
What is the required upfront deposit if we expect a team to win the conference title in
44
years?
$nothing
(Round to the nearest cent.)What is the required upfront deposit if we expect a team to win the conference title in
1212
years?
$nothing
(Round to the nearest cent.)What is the required upfront deposit if we expect a team to win the conference title in
1818
years?
$nothing
(Round to the nearest cent.)
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