Question
You win the lottery and will receive $100,000 per year for the next 20 years. Assuming an interest rate of 4%, What is the present
You win the lottery and will receive $100,000 per year for the next 20 years. Assuming an interest rate of 4%,
What is the present value of your winnings?
In each year you decide to spend $70,000 of the $100,000 and invest the remaining $30,000 /year in the stock market. The expected return over the next 20 years is 8%. How much will you have at the end of the 20 year period before taxes?
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Financial Management For Public Health And Not For Profit Organizations
Authors: Steven A. Finkler
2nd Edition
0131471988, 978-0131471986
