Business, 28.02.2020 18:58 JaySavage7001
Your friend just won the lottery. He has a choice of receiving $50,000 a year for the next 20 years or a lump sum today. The lottery uses a 15% discount rate. What would be the lump sum amount your friend would receive
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Your friend just won the lottery. He has a choice of receiving $50,000 a year for the next 20 years...
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