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You have just won the lottery and you will receive 20 annual beginning-of-year payments of $5 million each. If you expect to earn a 9%
You have just won the lottery and you will receive 20 annual beginning-of-year payments of $5 million each. If you expect to earn a 9% compounded semi-annually, what will be the current value of the lottery payments? *
67,966,468
b) $47,986,467
c) $97,211,422
d) $27,956,468
e) None of the ab
i need it in 5 mins lease
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