5.24 Page 152 Assume you won a worldwide lottery that pays $5 millior in year 0, $5 million in year 1, and $200,000 in years 5 through 100. Assuming that 100 years is as "long" as infinity, calculate the perpetual equivalent annual worth for years 1 through infinity at an interest rate of 10% per year.

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5.24 Page 152Assume you won a worldwide lottery that pays $5 million
in year 0, $5 million in year 1, and $200,000 in years 5 through 100.
Assuming that 100 years is as "long" as infinity, calculate the perpetual
equivalent annual worth for years 1 through infinity at an interest rate of
10% per year.
Transcribed Image Text:5.24 Page 152Assume you won a worldwide lottery that pays $5 million in year 0, $5 million in year 1, and $200,000 in years 5 through 100. Assuming that 100 years is as "long" as infinity, calculate the perpetual equivalent annual worth for years 1 through infinity at an interest rate of 10% per year.
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