Question
You just won the $62 million lottery. You will receive $1.9 million a year for the next 25 years plus an additional payment of $14.5
You just won the $62 million lottery. You will receive $1.9 million a year for the next 25 years plus an additional payment of $14.5 million at the end of 25 years. The interest rate is 13 percent.
How much is your lottery prize worth today? (Enter your answer as a positive number rounded to 2 decimal places.)
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Microeconomics An Intuitive Approach with Calculus
Authors: Thomas Nechyba
1st edition
538453257, 978-0538453257
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