Multiple Choice
John won a lottery that will pay him €200,000 at the end of each of the next twenty years. Assuming an appropriate interest rate is 8% compounded annually, what is the present value of this amount?
A) €2,120,720
B) €42,910
C) €1,963,630
D) €9,152,392
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q56: The unknown present value is always a
Q72: If the compounding period is less than
Q104: If you invest $50,000 to earn 8%
Q105: Renfro Corporation will invest £40,000 every December
Q108: Spencer Corporation will invest €20,000 every December
Q110: Jamison Company uses IFRS for its financial
Q111: Hiller Corporation makes an investment today (January
Q112: At the end of two years, what
Q113: On July 1, 2018, Ed Wynne signed
Q114: On January 1, 2019, Haley Co. issued