Congratulations on winning the lottery. One of your options is a series of $5 million annual payments.
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Question:
Congratulations on winning the lottery. One of your options is a series of $5 million annual payments. The first takes place right now, and then you will receive $5 at the beginning of each of the next 19 years. If your opportunity cost of investing is, say, 7.0%, what is the value of this option today?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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