Question
You have just won the lottery. Each year for the next 20 years, you will receive a payment of $50,000. If the cost of capital
You have just won the lottery. Each year for the next 20 years, you will receive a payment of $50,000. If the cost of capital is 10 percent per year, what is the present value of your lottery winnings?
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Essentials Of Investments
Authors: Zvi Bodie, Alex Kane, Alan Marcus
11th Edition
1260288390, 978-1260288391
