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You just won the $42 million Ultimate Lotto jackpot. Your winnings will be paid as $2,100,000 per year for the next 20 years. If the
You just won the $42 million Ultimate Lotto jackpot. Your winnings will be paid as $2,100,000 per year for the next 20 years. If the appropriate interest rate is 5.4 percent, what is the value of your windfall?
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International Financial Management
Authors: Jeff Madura
7th Edition
0324071744, 978-0324071740
