You have just won the lottery and will receive $570,000 in one year. You will receive payments for 20 years, and the pay
Posted: Fri Mar 04, 2022 9:39 am
You have just won the lottery and will receive $570,000 in one
year. You will receive payments for 20 years, and the payments will
increase 5 percent per year. If the appropriate discount rate is 11
percent, what is the present value of your winnings?
$70,699
$19,366,704
$6,373,561
$19,366,704
$6,118,619
year. You will receive payments for 20 years, and the payments will
increase 5 percent per year. If the appropriate discount rate is 11
percent, what is the present value of your winnings?
$70,699
$19,366,704
$6,373,561
$19,366,704
$6,118,619