Question
You have just won the lottery and will receive $550,000 in one year. You will receive payments for 22 years, and the payments will increase
You have just won the lottery and will receive $550,000 in one year. You will receive payments for 22 years, and the payments will increase 4 percent per year. If the appropriate discount rate is 12 percent, what is the present value of your winnings?
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Financial Risk Manager Handbook
Authors: Philippe Jorion, Global Association Of Risk Professionals
5th Edition
0470479612, 978-0470479612
