Question
You have won a small lottery in which you will receive a series of payments forever. The payments start at $984 received today and grow
You have won a small lottery in which you will receive a series of payments forever. The payments start at $984 received today and grow effectively at 1.90% a year forever. Given an APR of 7.00% compounded quarterly, what is the present value of your lottery winnings?
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Introduces Quantitative Finance
Authors: Paul Wilmott
2nd edition
470319585, 470319581, 978-0470319581
