You and 11 coworkers just won 6 million that's 500k each from state lottery, assuming you each receive your share over 19 years and that the state lottery earns 3 percent return on its funds, what is the present value of your prize before taxes if you request up front cash
You and 11 coworkers just won 6 million that's 500k each from state lottery, assuming you each receive your share over 19 years and that the state lottery earns 3 percent return on its funds, what is the present value of your prize before taxes if you request up front cash
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter19: Capital Investment
Section: Chapter Questions
Problem 8E
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You and 11 coworkers just won 6 million that's 500k each from state lottery, assuming you each receive your share over 19 years and that the state lottery earns 3 percent return on its funds, what is the
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