You win a scratch-off lottery ticket that promises to pay a down payment of 10,000 this year

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You win a scratch-off lottery ticket that promises to pay a down payment of 10,000 this year and grow at a rate of 5% forever. If the discount rate is 8%, what is the present value of this investment?

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Microeconomics An Intuitive Approach with Calculus

ISBN: 978-0538453257

1st edition

Authors: Thomas Nechyba

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Posted Date: May 30, 2023 06:30 AM

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You win a scratch-off lottery ticket that promises to pay a down payment of 10,000 this year

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Present value of thsi in... View the full answer

Microeconomics An Intuitive Approach with Calculus

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