(Present Value Tables Required)You Win the Lottery and Must Decide

question 160

Multiple Choice

(Present value tables required) 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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