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

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

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.
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”