Question: QUESTION 3 Jerry is going to receive $ 2 0 , 0 0 0 as lottery winnings in one year. He calculates the present value

QUESTION 3
Jerry is going to receive $20,000 as lottery winnings in one year. He calculates the present value of this cash flow using an interest
rate. The interest rate he used is referred to as:
current yield
discount rate
compound rate
prime rate
QUESTION 3 Jerry is going to receive $20,000 as lottery winnings

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