Gabrielle just won $ 3 . 6 million in the state lottery. She is given the option
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Question:
Gabrielle just won $ million in the state lottery. She is given the option of receiving a of $ now, or she can elect to receive $ at the end of each of the next years. If Gabrielle can earn annually on her investments, which option should she take?
If Gabrielle takes the prize as an annuity, the present value of the year ordinary annuity is $Round to the nearest dollar.
Related Book For
Principles Of Managerial Finance
ISBN: 978-0136119463
13th Edition
Authors: Lawrence J. Gitman, Chad J. Zutter
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