Moving to another question will save this response. stion 6 A lottery ticket promises two payments of $50,000, on dates twelve and sixty months from today. If the required rate of return on the investment is 6.35%. What is the value of the prize today? O $84,590.28 O $84,765.34 O $85,876.35 O $84.965.24 O $85.989.99 A Moving to another question will save this response.

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
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stion 6
A lottery ticket promises two payments of $50,000, on dates twelve and sixty months from today. If the required rate of return on the investment is 6.35%. What is the value of the prize today?
$84,590.28
$84,765.34
$85,876.35
$84.965.24
$85,989.99
A Moving to another question will save this response.
@
20
M
W
3
E
$
R
F5 2
S
T
O
Transcribed Image Text:Moving to another question will save this response. stion 6 A lottery ticket promises two payments of $50,000, on dates twelve and sixty months from today. If the required rate of return on the investment is 6.35%. What is the value of the prize today? $84,590.28 $84,765.34 $85,876.35 $84.965.24 $85,989.99 A Moving to another question will save this response. @ 20 M W 3 E $ R F5 2 S T O
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