by Anonymous on November 5th, 2009

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Rita wins a 60 million dollar lottery. she receives 1 million dollars for the next 50 years plus an additional lump sum of 10 million dollars after the 50th year. The discount rate is 10%. what is the present value her winnings

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Rita wins a 60 million dollar lottery. she receives 1 million dollars for the next 50 years plus an additional lump sum of 10 million dollars after the 50th year. The discount rate is 10%. what is the present value her winnings

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Rita wins a 60 million dollar lottery. she receives 1 million dollars for the next 50 years plus an additional lump sum of 10 million dollars after the 50th year. The discount rate is 10%. what is the present value her winnings

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