Multiple Choice
What is the present value of a lottery paid as an annuity due for twenty years if the cash flows are $150,000 per year and the appropriate discount rate is 7.50%?
A) $5,000,000.00
B) $3,186,045.39
C) $2,739,769.55
D) $1,643,861.73
Correct Answer:
Verified
Correct Answer:
Verified
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