Question
You win the lottery and will receive 17 annual payments of $5000. The interest rate is 5% per year and assume the first payment is
You win the lottery and will receive 17 annual payments of $5000. The interest rate is 5% per year and assume the first payment is received 4 years from today. Find the present value of the winnings and round to the nearest cent
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Foundations Of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
18th Edition
126409762X, 9781264097623
