What is the present value of your lottery winnings


Question: You have just won the lottery. At the end of each of the next 20 years you will receive a payment of $50,000. If the cost of capital is 10 percent per year, what is the present value of your lottery winnings? Copy and paste the excel table here and also write the formula(s) used to get the answers

Request for Solution File

Ask an Expert for Answer!!
Basic Statistics: What is the present value of your lottery winnings
Reference No:- TGS03213646

Expected delivery within 24 Hours