Question
Your friend just won the lottery. He has a choice of receiving $283,138 a year for the next 21 years or a lump sum today.
Your friend just won the lottery. He has a choice of receiving $283,138 a year for the next 21 years or a lump sum today. The lottery uses a 5% discount rate. What would be the lump sum your friend would receive?
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The Complete Guide To Property Finance
Authors: Richard W J Brown
1st Edition
1739832027, 978-1739832025
