I recently found a real-life advertisement in the newspaper: (Only the phone number has been changed.) Suppose
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I recently found a real-life advertisement in the newspaper:
(Only the phone number has been changed.) Suppose that you have won a \(\$ 20,000,000\) lottery, paid in 20 annual installments. How much would be a fair price to be paid today for the assignment of this prize? Assume the money could be invested at 5%.
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la-7:30p ffordable. 555-8310. Massage 55 In/o CARE 555-672 ET *** WE PAY CASH *** for R.E notes, lotteries, annuities, bus. notes, Inheritances. Please or do no call 800-555-7853. quirement OUCH 2 ENTREPRENEURS need Invesnot be resp to establish a jul 8-3590 * 15% error, we as bo reportec may take a Massage In Call "1 sold unless clearly indic proper- and telemal five ptain the be en earni LOAN WANTED: $150,000, se cured by approx. $600,000 equity in four se He pay 14% Here exc. credit. 555-4285. Min. S Interest. 555-4668. or implied. m es evi $6000 NEEDED for 90 days, 20% Interest, '62-72 corvettes, $12K val. or R.E. for collateral. 555-5312 lv. msg. aft 6pm. CLASSIFIE Hunter's I trade-hire vice, the
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