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You have just won the lottery and will receive $540,000 in one year. You will receive payments for 30 years, which will increase 4 percent
| You have just won the lottery and will receive $540,000 in one year. You will receive payments for 30 years, which will increase 4 percent per year. The appropriate discount rate is 11 percent. |
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| What is the present value of your winnings? |
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The Handbook Of International Trade And Finance
Authors: Anders Grath
4th Edition
0749475986, 978-0749475987
