audreyjj2238 audreyjj2238

21-11-2022
Business

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john won the lottery and is faced with the following options: 1) accept a payment of $40,000 per year for 20 years 2) accept an upfront payment of $x today. what value of $x will cause john to be indifferent between option 1 and option 2 if the interest rate is 10%?

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