A lottery offers you a cash payout of $100,000.In five years, $100,000 in ten years, and $100,000

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A lottery offers you a cash payout of $100,000.In five years, $100,000 in ten years, and $100,000 in fifteen years.

What is the PV of the payout at 7%?

Related Book For answer-question

Principles of Finance

ISBN: 978-1285429649

6th edition

Authors: Scott Besley, Eugene F. Brigham

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Posted Date: Jun 14, 2023 11:59 PM

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A lottery offers you a cash payout of $100,000.In five years, $100,000 in ten years, and $100,000

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To calculate the present value PV of the payout at 7 we need to discount each futu... View the full answer

Principles of Finance

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