You have just won the lottery. At the end of each of the next 20 years, you
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You have just won the lottery. At the end of each of the next 20 years, you will receive a payment of $50,000. If the cost of capital is 10 percent per year, what is the present value of your lottery winnings?
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To find the present value of the lottery winnings we need to ...View the full answer
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Microsoft Excel Data Analysis And Business Modeling
ISBN: 9780137613663
7th Edition
Authors: Wayne Winston
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