Asked by Anonymous

you win a contest for which the prize is $6,000,000. You are going to receive 20 yearly payments of $300,000 what is the present value of this annuity? support your answer by means of an example using a discount rate of 5%
Answered by Mia
Private donor is wlling to contribute $10 million per year at the beginning of each year fro 15 years What is the current dollar value if the discount rate is 14%?
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