Present value of winnings

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Reference no: EM1329919

The USA Sweepstakes has informed Nancy that she won $1 million. The amount is to be paid out at a rate of $50,000 a year for the next 20 years. What is the present value of her winnings with a discount rate of 12 percent?

Reference no: EM1329919

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Present value of winnings : The USA Sweepstakes has informed Nancy which she won $1 million. Find out the present value of her winnings with a discount rate of 12 percent?

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