You have just won the lottery and will receive $1.8 million in one year. You will receive
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You have just won the lottery and will receive $1.8 million in one year. You will receive payments for 30 years, and the payments will increase by 2.7 percent per year. If the appropriate discount rate is 5.4 percent, what is the present value of your winnings?
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present value PV FV 11 r...View the full answer
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Benjamin Mutunga
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Related Book For
Fundamentals Of Corporate Finance
ISBN: 9781265553609
13th Edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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