I just won the lottery. I won $50000000 to be paid out over the next 20 years in equal payments. If the appropriate discount rate is 8%, how much in present value did I win? Answer: $24, 545, 368.52 8. How much did I win if the first payment is received today? Answer: $24, 545,368.52

I just won the lottery. I won $50000000 to be paid out over the next 20 years in equal payments. If the appropriate discount rate is 8%, how much in present value did I win? Answer: $24, 545, 368.52 8. How much did I win if the first payment is received today? Answer: $24, 545,368.52

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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I just won the lottery. I won $50000000 to be paid out over the next 20 years in equal payments. If the
appropriate discount rate is 8%, how much in present value did I win? Answer: $24, 545, 368.52 8. How
much did I win if the first payment is received today? Answer: $24, 545,368.52

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