Solved

You've Just Won the $25 Million Lottery

Question 3

Multiple Choice

You've just won the $25 million lottery.You are going to receive a check for $1 million today and at the end of every year for the next 24 years.If the interest rate is 10%,the present value of your prize is:


A) $8,984,744.
B) $9,984,744.
C) $12,984,744.
D) $20,000,000.
E) $25,000,000.

Correct Answer:

verifed

Verified

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents