Question: Unknown problem no. 7 You are so lucky that you have won on a scratch off lottery ticket the equivalent of an extra monthly salary

 Unknown problem no. 7 You are so lucky that you have

Unknown problem no. 7 You are so lucky that you have won on a scratch off lottery ticket the equivalent of an extra monthly salary of DKK 27,000 each month for the next 9 years. The first additional monthly salary is paid in exactly one month. The discount rate calculated annually is 4.5%. In which interval is the present value (PV) of your win in DKK million (Hint: Start by calculating the monthly discount rate)? A. B. C. D. *E. F. [4.2; 4.4) [2.8; 3.2] 11.8; 2.0] 13.3; 3.5] ]2.3; 2.5] 16.5; 6.7] Unknown problem no. 8 You are so lucky that you have won on a scratch off lottery ticket the equivalent of an extra monthly salary of DKK 18,000 each month for the next 11 years. The first additional monthly salary is paid in exactly one month. The discount rate calculated annually is 3.5%. In which interval is the present value (PV) of your win in DKK million (Hint: Start by calculating the monthly discount rate)? A. B. *C. [4.2;4.4] [2.8; 3.2] ]1.8; 2.0] 13.3; 3.5] ]2.3; 2.5] 16.5; 6.7]

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