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In: Finance
the states lottery million-dollar payout provides for $1.3 million to be paid in 20 i stallments...
the
states lottery million-dollar payout provides for $1.3 million to
be paid in 20 i stallments of $65,000 per payment. The first
$65,000 payment is made immediately, and the 19 remaining $65,000
payments occur at the end of each of the next 19 years. If 6
percent is the discount rate, what is the present value of this
stream of cash flows? If 12 percent is the discount rate, what is
the present value of the cash flows?
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jeff jeffy answered 10 months agoRelated Solutions
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2424
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