Question
Your (new) best friend won the Mega Ball Lottery Jackpot and has offered to give you $10,000 in five year, after he has collected fifty
Your (new) best friend won the Mega Ball Lottery Jackpot and has offered to give you $10,000 in five year, after he has collected fifty million dollars of the jackpot. You figure if you had the money today, you could invest it at 12% annual interest. What is the present value of your friends future gift?
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Financial Accounting An Introduction To Concepts Methods And Uses
Authors: Clyde P. Stickney, Roman L. Weil
10th Edition
0324183518, 978-0324183511
