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Author Question: The state lottery has just informed you that you have won $1 million to be paid out in the amount of ... (Read 98 times)

plus1

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on: Apr 12, 2019

The state lottery has just informed you that you have won $1 million to be paid out in the amount of $50,000 per year for the next 20 years. With a discount rate of 12%, what is the present value of your winnings?


◦ $221,950
◦ $398,150
◦ $373,450
◦ $392,150
Personal Finance ¦ Madura ¦ 6th Edition
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Marked as best answer by plus1 on Apr 12, 2019

mcarey591

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Reply #1 on: Apr 12, 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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plus1

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Reply #2 on: Apr 12, 2019
Thank you!


mcarey591

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Reply #3 on: Apr 12, 2019
Always glad to help...


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