Assume you just won the state lottery. Your prize can be taken either in the form of $47,131 at the endof each of the next 15years. How much are you will to accept today as a lump sum if interest rate

Assume you just won the state lottery. Your prize can be taken either in the form of $47,131 at the endof each of the next 15years. How much are you will to accept today as a lump sum if interest rate is9%?

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Assume you just won the state lottery. Your prize can be taken either in the form of $47,131 at the endof each of the next 15years. How much are you will to accept today as a lu…

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