tejiri6723 tejiri6723
  • 02-05-2024
  • Business
Answered

The state lottery has just informed you that you have won $1 million to be paid out in the amount of $50,000 per year for the next 20 years, with a discount rate of 12%, what is the present value of your winnings?
a. $3,92,150
b. $3,98,150
c. $3,73,450
d. $2,21,950



Answer :

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