Question
you have just won the lottery and will receive 50,000 in one year. you will receive payments for 12 years, which will increase 3 percent
you have just won the lottery and will receive 50,000 in one year. you will receive payments for 12 years, which will increase 3 percent per year. if the appropriate discount rate is 5 percent, what is the minimum amount of money you would take today in exchange for the lottery payout stream (or what is the present value of your winnings)?
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Venture Capital And The Finance Of Innovation
Authors: Andrew Metrick
1st Edition
0470074280, 9780470074282
