Problem 2-29, Lottery prize

Principles of Corporate Finance

Brealey, Myers, and Allen

13th Edition

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Determine the present value of the lottery prize if the first payment comes after 1 year, and then compute the present value again assuming that the first payment comes immediately.

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  • Search Terms: $ $ $. %. %. a. (do a a. actually after answer b. calculations. comes decimal dollars, due enter first for have if immediately? in interest intermediate is just lottery million millions, not of out payment pays per places.) present prize rate round rounded that the to value value annuities what winnings? winnings? b. won year year, years. you your
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