Business, 07.03.2020 06:05 margaret1758

You just won the lottery, which promises you $990,000 per year for the next 20 years. You receive the first payment today (hint: annuity due). If your discount rate is 9.75%, what is the present value of your winnings

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You just won the lottery, which promises you $990,000 per year for the next 20 years. You receive th...