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Home Q & A Board Other Fields Homework Help Business Management
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stranahan stranahan
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7 years ago
What is the present value of a lottery paid as an annuity due for twenty years if the cash flows are $250,000 per year and the appropriate discount rate is 7.50%?
A) $2,548,622.84
B) $5,000,000.00
C) $2,739,769.55
D) $3,186,045.39
Textbook 
Financial Management: Core Concepts

Financial Management: Core Concepts


Edition: 2nd
Author:
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monkfuzzymonkfuzzy
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7 years ago
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stranahan Author
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#2
7 years ago
Thank you for  the help. I had a few questions on a few of them and this really confirmed my answers.
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