You have just won a lottery, your payoff will be as follows: receive today Rs.1,000,000, and beginning next year for 19

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answerhappygod
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You have just won a lottery, your payoff will be as follows: receive today Rs.1,000,000, and beginning next year for 19

Post by answerhappygod »

You have just won a lottery, your payoff will be as follows:
receive today Rs.1,000,000, and beginning next year for 19 years
Rs.500,000. The total payoff is Rs.10,500,000. Assuming the
discount rate is 9%. What is the present value of your
winnings?
Task: Solve this question as soon as possible.
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