Question
You have just won the lottery and will receive $560,000 in one year. You will receive payments for 19 years, which will increase 4 percent
You have just won the lottery and will receive $560,000 in one year. You will receive payments for 19 years, which will increase 4 percent per year. The appropriate discount rate is 10 percent.
Required:
| What is the present value of your winnings? |
rev: 09_17_2012
| $6,118,124 | |
| $17,760,119 | |
| $5,873,399 | |
| $17,760,119 | |
| $91,564 |
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Financial Management Principles And Applications
Authors: Sheridan Titman, Arthur Keown, John Martin
13th Global Edition
1292222182, 978-1292222189
