Question
You win a lottery that will pay you $120,000 per month for 12 months, starting 1 month from now. What is the value of the
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You win a lottery that will pay you $120,000 per month for 12 months, starting 1 month from now. What is the value of the lottery now if your interest rate is 5.5% p.a. compounded monthly?
$1,398,002.04
$1,034,222.14
$1,401,746.64
$1,396,508.24
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Multinational financial management
Authors: Alan c. Shapiro
10th edition
9781118801161, 1118572386, 1118801164, 978-1118572382
