Question
You have just won the lottery and will receive $490,000 in one year. You will receive payments for 18 years, which will increase 5 percent
| You have just won the lottery and will receive $490,000 in one year. You will receive payments for 18 years, which will increase 5 percent per year. The appropriate discount rate is 11 percent. |
Required:
| What is the present value of your winnings? |
Multiple Choice
-
$74,883
-
$14,038,348
-
$4,956,567
-
$5,163,091
-
$14,038,348
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Multinational Finance Evaluating The Opportunities Costs And Risks Of Multinational Operations
Authors: Kirt C. Butler
6th Edition
111921968X, 978-1119219682
