Question
You just won the lottery! As your prize you will receive $1,500 a month for 100 months starting at the end of this month. If
You just won the lottery! As your prize you will receive $1,500 a month for 100 months starting at the end of this month. If you can earn 8 percent, compounded monthly, what is this prize worth to you today?
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Modern Portfolio Theory and Investment Analysis
Authors: Edwin Elton, Martin Gruber, Stephen Brown, William Goetzmann
9th edition
9781118805800, 1118469941, 1118805801, 978-1118469941
