The average house price is $12,770,797. Suppose that Anna are trying to buy a house which is equal to $12,770,79 and she have $10,000 today that can be invested at her bank. The bank pays 10% percent annual interest on its accounts. How long will it be before she have enough to buy the house?

Suppose that you received notification from lotto corporation that your winning number combination (11 17 45 38 9 48) won the 6/58 Lotto. The prize is $99,535,210.00. However, the price will be awarded on your 100th birthday (because why not), which is 78 years from now. What is the present value of your lottery prize if the discount rate is 10%?

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Lets solve the first question about Anna saving to buy a house Anna needs 12770797 to buy a house Sh... View the full answer