Question
You have just won the lottery and will receive $500,000 in one year. You will receive payments for 25 years, and the payments will increase
| You have just won the lottery and will receive $500,000 in one year. You will receive payments for 25 years, and the payments will increase 4 percent per year. If the appropriate discount rate is 11 percent, what is the present value of your winnings? |
| 5,511,586 $29,258,112 $36,804 $29,258,112 $5,741,235 |
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Dividend Growth Investing Machine
Authors: Andrew P.C.
1st Edition
1521728461, 978-1521728468
