Question: please include a cash flow chart thank you very much Alejandra has won a lottery that pays her $200000 at the end of this year,
please include a cash flow chart thank you very much
Alejandra has won a lottery that pays her $200000 at the end of this year, $220000 at the end of next year, $240000 the following year, and so on, for 30 years. Chris has offered Alejandra $6500000 today in exchange for all the money she will receive. If Alejandra can get 5 percent interest on her savings, is this a good deal
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
