Question
You just have won the lottery and will receive $550,000 in one year. You will receive payments for 17 years, which will increase 3 percent
You just have won the lottery and will receive $550,000 in one year. You will receive payments for 17 years, which will increase 3 percent per year. The appropriate discount rate is 11 percent. What is the present value of your winnings?
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Stock Market Investing For Beginners
Authors: Andrew P.C.
1st Edition
1549522132, 978-1549522130
