Solution-What is the value today of these 20 installments

What is the value today of these 20 installments

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Suppose that you have won the Florida Lotto worth $18 million. Further suppose that the State of Florida will pay you the winnings in 20 annual installments, starting immediately, of $900,000 each. If your opportunity cost is 10%, what is the value today of these 20 installments?

Reference no: EM13521413

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What is the value today of these 20 installments

Reference no: EM13521413

Reference no: EM13521413

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