Question
You just won a lottery!!! It pays $100,000 per year for the next 20 years. Assume that the first payment is made today, find the
You just won a lottery!!! It pays $100,000 per year for the next 20 years. Assume that the first payment is made today, find the total present value of the prize if the annual interest rate is 6%. [Answer is rounded to the nearest dollar]
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Fundamentals Of Corporate Finance
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
5th Edition
0135811600, 978-0135811603
