You Have Just Won a $5 Million Lottery to Be

question 61

Multiple Choice

You have just won a $5 million lottery to be received in twenty annual equal payments of $250,000. What will happen to the present value of your winnings if the interest rate increases during the next 20 years?

• A) It will be worth less.
• B) It will be worth more.
• C) It will not change.
• D) It will increase during the first ten years.

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