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present value question

Open Posted By: christeena Date: 12/01/2021 Academic Level: High School Paper Type: Proofreading & Editing

Question Description

1.       Lottery Ticket Win!  You win the lottery and are promised by the Lottery Commission $12,000 a year for 6 years, starting next year. Assume the interest rate is 9%.  What is the present value of this prize?

Category: Business & Management Subjects: Business Law Deadline: 24 Hours Budget: $60 - $90 Pages: 2-3 Pages (Short Assignment)