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Business, 06.04.2021 01:20 xthatshepoxy
You won the lottery when the jackpot was $3,300,000 (annual payments of $165,000 paid for 20 years). Your choice is to take the annual payments for 20 years or take the lump sum payout today. The lottery administration uses a 4% interest rate. What is the value of the lump sum payout
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Answers: 3
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You won the lottery when the jackpot was $3,300,000 (annual payments of $165,000 paid for 20 years)....
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