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Business, 25.01.2021 20:50 xxtonixwilsonxx
A $600,000 state lottery prize is spread evenly over twelve years ($50,000 a year) (Alternative 1), or you may take a lump distribution of $452,000 (Alternative 2). If you can earn 8 percent, calculate the present values of both alternatives. Use Appendix D to answer the question. Round your answers to the nearest dollar.
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A $600,000 state lottery prize is spread evenly over twelve years ($50,000 a year) (Alternative 1),...
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