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Author Question: You win a lottery that pays $50,000 each year for the next 10 years beginning next year. How much ... (Read 42 times)

RYAN BANYAN

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on: Apr 19, 2019

Question 1

Assume the current interest rate is 20%. The present value of $500 in one year would be


◦ $180.
◦ $417.
◦ $750.
◦ $1,083.

Question 2

You win a lottery that pays $50,000 each year for the next 10 years beginning next year. How much are your winnings worth today?


◦ $0
◦ $50,000
◦ $500,000
◦ indeterminate with the given information
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by RYAN BANYAN on Apr 19, 2019

Dnite

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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RYAN BANYAN

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Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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