You now must choose between receiving an immediate payment of $5 million or a $500,000 payment at

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You now must choose between receiving an immediate payment of $5 million or a $500,000 payment at the end of each year for the next 20 years (a total of $10 million). How much is the recurring $500,000 option worth today?

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Fundamentals of corporate finance

ISBN: 978-0073382395

9th edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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Posted Date: Jan 14, 2021 10:41 AM

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You now must choose between receiving an immediate payment of $5 million or a $500,000 payment at

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Fundamentals of corporate finance

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