What is the value of the entire prize in today terms

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Reference no: EM132057478

1. A small lottery prize offers $58 per year forever, with the first payment occurring today. If the relevant interest rate is 15% per year (as an EAR), what is the value of the entire prize in today's terms?

2. For Palm and Sun Industries, calculate depreciation given the following data: Beg Net PPE $1399, End Net PPE $3283 Cap Ex $1808.

There were no sales nor liquidations of assets.

Reference no: EM132057478

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