You have just won the lottery and will receive $50,000 a year for 20 years. What rate
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You have just won the lottery and will receive $50,000 a year for 20 years. What rate of interest would make these payments the equivalent of receiving $500,000 today?
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To calculate the equivalent present value of receiving 50000 a year for 20 years ...View the full answer
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Related Book For 
Microsoft Excel Data Analysis And Business Modeling
ISBN: 9780137613663
7th Edition
Authors: Wayne Winston
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