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KeeBeeUtiful KeeBeeUtiful
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5 years ago
You won the "$1,000 per year forever" lottery. You decided to convert such prize into a lump sum payment. The interest rate is 2% per year. How much is this lump sum payment ?
A) $25,000
B) $1,000
C) $50,000
D) $365,000
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Microeconomics

Microeconomics


Edition: 8th
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AhmedsemsemAhmedsemsem
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#1
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5 years ago
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Thanks for your help!!
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Thank you, thank you, thank you!
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