Your friend just won the lottery he has a choice of
Your friend just won the lottery. He has a choice of receiving $50,000 a year for the next 20 years or a lump sum today. The lottery uses a 15% discount rate, compounded monthly. What would be the lump sum your friend would receive?
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your friend just won the lottery he has a choice of receiving 50000 a year for the next 20 years or a lump sum today
a 10-year us treasury bond with a face value of 10000 pays a coupon of 550 2750 of face value every six months the semi
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