What is the present value of this sum at an interest rate of

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Present value

A lottery pays a winner !1 million a year for 20 years

What is the present value of this sum at an interest rate of8% also what happens to the present value if the rate falls to5%

Reference no: EM13333327

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What is the present value of this sum at an interest rate of : What is the present value of this sum at an interest rate of8% also what happens to the present value if the rate falls to5%
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