Question
You have just won the lottery and will receive $1,000,000 in one year. You will receive payments for 30 years, which will increase 5 percent per year. The appropriate discount rate is 8 percent.
What is the present value of your winnings?
What is the present value of your winnings?
Answers
10.000.000
Related Questions
Sally has won the grand prize in a lottery and must choose between the following three options:...
The New Jersey state lottert is $173,000,00. If you and your family win the lottery and receive 5% o...
3. Divide the actual amount of money you will receive in a year by 12 in order to calculate the amou...
You just won the florida lottery. To receive the winnings, you must select one of the two following...