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You just won the lottery! as your prize you will receive $1,500 a month for twenty years. if you can earn 9 percent on your money, what is this prize worth to you today?

You just won the lottery! as your prize you will receive $1,500 a month for twenty years. if you can earn 9 percent on your money, what is this prize worth to you today?
asked 122k views
5 votes
You just won the lottery! as your prize you will receive $1,500 a month for twenty years. if you can earn 9 percent on your money, what is this prize worth to you today?

asked
User VinceOPS
by
8.9k points

1 Answer

3 votes
392,400 is your total value or 1,635 a month.
answered
User Vijay Shiyani
by
7.9k points
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