You just won the $44 million lottery You will receive $2 million a year for the next 17 years plus an additional payment of $10 million at the end of 17 years The interest rate is 9 percent How much is your lottery prize worth today (Enter your answer as a positive number rounded to 2 decimal plac...

To calculate the present value of the lottery prize we need to discount each cash flow to its presen ...

You just won the $44 million lottery. You will receive $2 million a year for the...

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Microeconomics An Intuitive Approach with Calculus

ISBN: 978-0538453257

1st edition

Authors: Thomas Nechyba

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You just won the $44 million lottery. You will receive $2 million a year for the...

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Microeconomics An Intuitive Approach with Calculus

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