Question
You have won a lottery and will receive 20 annual payments of $40,000, starting today and ending in 19 years. If the relevant annual discount
You have won a lottery and will receive 20 annual payments of $40,000, starting today and ending in 19 years. If the relevant annual discount rate is 6.0%, what is the present value of these winnings? Choose the answer that is closest.
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Contemporary Economics An Applications Approach
Authors: Robert Carbaugh
8th Edition
1138652199, 978-1138652194
