You Win the Lottery and Must Decide How to Take

question 71

Multiple Choice

You win the lottery and must decide how to take the payout. Use an 8% discount rate. What is the present value of $15,000 a year received at the end of each of the next six years?

• A)$9,450
• B)$90,000
• C)$74,893
• D)$69,345

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