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Category > Business & Finance Posted 02 Aug 2017 My Price 3.00

The Western Sweepstakes

The Western Sweepstakes has just informed you that you have won $1 million. The amount is to be paid out at the rate of $50,000 a year for the next 20 years. With a discount rate of 12 percent, what is the present value of your winnings?

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Homework Helper
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Status NEW Posted 02 Aug 2017 03:08 PM My Price 3.00

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