westerdykk westerdykk

14-06-2024
Business

Answered

Assume that you have won a charity swipstic lottery which promises to pay Ksh. 50,000
each year for the next 20 years. The government has announced this to be a sh 1M lottery
since 50,000 * 20 = 1M. If the discounting rate is 20%, advise the government on the true
value of this lottery

Answer :

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