The value of the lottery won will be paid over four years

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Your grandfather just won last week’s Florida lottery estimated to be worth $45 million. The value of the lottery won will be paid over 4 years. Your grandfather will receive today $5 million and 10 million each year for 4 years. If he plans to sell this lottery to his grandson how much should he sell it for today assuming the interest rate is 12%

Reference no: EM131342300

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The value of the lottery won will be paid over four years : Your grandfather just won last week’s Florida lottery estimated to be worth $45 million. The value of the lottery won will be paid over 4 years. Your grandfather will receive today $5 million and 10 million each year for 4 years. If he plans to sell ..

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