Question
You just on the lottery. Congratulations! The jackpot is $85,000,000, paid in six equal, annual payments. The first payment on the lottery jackpot will be
You just on the lottery. Congratulations! The jackpot is $85,000,000, paid in six equal, annual payments. The first payment on the lottery jackpot will be made today. In PV terms, how much did you really win? Use an annual interest rate or 11.00%.
In PV terms, you won?
a.) $112,098,843.865
b.) $66,525,207.77
c.) $124,429,716.691
d.) $59,932,619.61
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Affordable Housing Finance
Authors: K. Hawtrey
2009th Edition
0230555187, 978-0230555181
