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Business, 24.09.2019 19:20 sbhishop19

You win a lottery with a prize of $1.5 million. unfortunately the prize is paid in 10 equal annual installments. the first payment is next year. how much is the prize really worth? the discount rate is 8 %.

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You win a lottery with a prize of $1.5 million. unfortunately the prize is paid in 10 equal annual i...
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