If I won the lottery and was awarded $3,000,000 and promised to be paid in 15 years
Question:
If I won the lottery and was awarded $3,000,000 and promised to be paid in 15 years from today. Since the payment is guaranteed by the state that I live I could sell the claim today for an immediate single cash payment.
What is the least I could sell the claim for if I earned the following rates of return on a similar-risk investment during the 12 year period:
6%? 7%? 8%?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
See here I am getting the prize money after 15 years ...View the full answer
Answered By
Mary Boke
As an online tutor with over seven years of experience and a PhD in Education, I have had the opportunity to work with a wide range of students from diverse backgrounds. My experience in education has allowed me to develop a deep understanding of how students learn and the various approaches that can be used to facilitate their learning. I believe in creating a positive and inclusive learning environment that encourages students to ask questions and engage with the material. I work closely with my students to understand their individual learning styles, strengths, and challenges to tailor my approach accordingly. I also place a strong emphasis on building strong relationships with my students, which fosters trust and creates a supportive learning environment. Overall, my goal as an online tutor is to help students achieve their academic goals and develop a lifelong love of learning. I believe that education is a transformative experience that has the power to change lives, and I am committed to helping my students realize their full potential.
4+ Reviews
22+ Question Solved
Related Book For 
Microeconomics An Intuitive Approach with Calculus
ISBN: 978-0538453257
1st edition
Authors: Thomas Nechyba
Question Posted:
