I have two questions that need to be answered, I can't figure
them out:
1) Steve Coleman has just won the state lottery and has the
following three payout options for
afterminus?tax
prize? money:1.
$ 152 comma 000$152,000
per year at the end of each of the next six years2.
$ 318 comma 000$318,000
?(lump sum) now3.
$ 500 comma 000$500,000
?(lump sum) six years from now
The annual discount rate is? 9%. Compute the present value of
the second...