Question 6 10 pts You just won the lottery. Your payout will start exactly 2 years from now with payment of $80,000 per year forever, which can be transferred to any other person indefinitely. What is the present value of these lottery winnings if the appropriate discount rate is 7%? $1,068,091 O $998,216 O $1,142,857 ○ $800,000 O Infinitely large
Question 6 10 pts You just won the lottery. Your payout will start exactly 2 years from now with payment of $80,000 per year forever, which can be transferred to any other person indefinitely. What is the present value of these lottery winnings if the appropriate discount rate is 7%? $1,068,091 O $998,216 O $1,142,857 ○ $800,000 O Infinitely large
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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