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You win the lottery and must decide how to take the payout. Use a 6% discount rate. What is the present value of $18,000
You win the lottery and must decide how to take the payout. Use a 6% discount rate. What is the present value of $18,000 a year received at the end of each of the next eight years? Present Value of $1 Periods 4% 6% 8% 10% 12% 5 0.822 0.747 0.681 0.621 0.567 6 0.790 0.705 0.630 0.564 0.507 7 0.760 0.665 0.583 0.513 0.452 8 0.731 0.627 0540 0.467 0.404 9 0.703 0.592 0.500 0.424 0.361 30 0.676 0.558 0.463 0.386 0.322
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