Ask a New Question
Search
Rita won $60 million lottery. She is to receive $1 million a year for the next 50 years plus an additional lump sum of $10 million after the 50th year. The discount rate is 10%. What is the present value of her winnings?
Ask a New Question
or
answer this question
.
Similar Questions
Rita Gonzales won the $62 million lottery. She is to receive $2.8 million a year for the next 20 years plus an additional lump
0 answers
The state lottery claims that its grand prize is $1 million. The lucky winner will receive $50,000 upon presentation of the
1 answer
The state lottery claims that its grand prize is $1 million. The lucky winner will receive $50,000 upon presentation of the
0 answers
The state lottery claims that its grand prize is $1 million. The lucky winner will receive $50,000 upon presentation of the
0 answers
more similar questions