Question

you have just won the Georgia lottery with a jackpot of $40,000,000.your winnings will be paid to you in 26 equal annual installments with the first payment made immediately. if you feel the appropriate annual discount rate is 8%,what is the present value of the stream of payment you will receive?

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Answer 1

Explanation:

Your winnings will be paid to you in 26 equal annual installments with the first payment made immediately. If you feel the appropriate  ...