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You have won the Powerball, for $50,000,000. You have a choice between a payment of $5 Million a year for 10 years or a lump
| You have won the Powerball, for $50,000,000. |
| You have a choice between a payment of $5 Million a year for 10 years or |
| a lump Sum of $38 Million paid right away. |
| With a discount rate of 7.5% which offers the highest PV? |
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Finance Of International Trade
Authors: Eric Bishop
1st Edition
0750659084, 978-0750659086
