Business, 24.04.2020 00:55 leoisawesome18

Suppose you have a winning lottery ticket and you are given the option of accepting $3,000,000 three years from now or taking the present value of the $3,000,000 now. The sponsor of the prize uses a 6% discount rate. If you elect to receive the present value of the prize now, the amount you will receive is:

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Suppose you have a winning lottery ticket and you are given the option of accepting $3,000,000 three...

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