Question: You just won a prize and as your prize you will receive unending payments. First payment will be paid one year from today and it

You just won a prize and as your prize you will receive unending payments. First payment will be paid one year from today and it will be $75.000. The payments will increase by 3.2 percent annually thereafter. What is the present value of your prize if the discount rate is 7.6 percent? a. $2,343,750.00 b. 5846,918.22 C. $1,350,000.00 @d. $1,704,545.46 e. $986,842.11 Previous page Next page

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