You win a $10,000,000 Lottery which is paid in equal annual installments of $500,000 over 20 years.

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You win a $10,000,000 Lottery which is paid in equal annual installments of $500,000 over 20 years. If the discount rate is 4%, how much is the Lottery prize actually worth today?

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Applied Equity Analysis and Portfolio Management Tools to Analyze and Manage Your Stock Portfolio

ISBN: 978-1118630914

1st edition

Authors: Robert A.Weigand

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Posted Date: Apr 27, 2024 11:27 AM

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You win a $10,000,000 Lottery which is paid in equal annual installments of $500,000 over 20 years.

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To calculate the present value of the 10000000 lottery prize which is paid in equal ... View the full answer

Applied Equity Analysis and Portfolio Management Tools to Analyze and Manage Your Stock Portfolio

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