You have won the lottery: The BernLotto offers you the following options for getting your payment: Option
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You have won the lottery: The BernLotto offers you the following options for getting your payment: Option 1) Get a payment of 2 million at the end of years 1 and 2 and then 1.5 million every year forever. Option 2) An annuity of 3 million for 10 years (1st cash flow end of year 1) Option 3) An annuity of 2.25 million for 20 years (1st cash flow end of year 1) Option 4) An inmediate payment of 7.7205882 million The interest rate is: 17% What are the present values of: Answer in 4 decimals (example: 5.1234 )
Related Book For
Applied Equity Analysis and Portfolio Management Tools to Analyze and Manage Your Stock Portfolio
ISBN: 978-1118630914
1st edition
Authors: Robert A.Weigand
Posted Date: