Solution-The prize is a lump sum payment of 78264 however

The prize is a lump sum payment of 78264 however you will

Reference no: EM13570344

You just won a contest. The prize is a lump sum payment of $78,264, however, you will not receive this payment for 18 years. Compute the present value of your prize assuming a discount rate of 9 percent per annum.

Reference no: EM13570344

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The prize is a lump sum payment of 78264 however you will : you just won a contest. the prize is a lump sum payment of 78264 however you will not receive this payment for 18

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The prize is a lump sum payment of 78264 however you will

Reference no: EM13570344

Reference no: EM13570344

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