Multiple Choice
Suppose you win the lottery and one of your payment options is to receive $20,000 today,$20,000 one year from now,and $20,000 two years from now.If the interest rate is 5%,what is the present value of this option?
A) $51,830.26
B) $54,464.96
C) $57,188.21
D) $58,237.71
Correct Answer:
Verified
Correct Answer:
Verified
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