You have won the lottery that guarantees you 40 000 for the next 20 years, the first
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You have won the lottery that guarantees you 40 000 for the next 20 years, the first payment due today. You want to sell the contract today to your bank and they have offered to buy it at 7% discount rate. How much will the bank pay you today?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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