Answer to Question #66171 in Economics of Enterprise for Kari Stanislaus
Play-2-Win is the latest lottery game in your country, and you happen to be the latest winner of $10.5 million. Your government has a guarantee on the funds and will not be paid before 3 years from today. You can however sell your claim today at a rate of 8 percent for a lump sum cash payment. What is the least amount you will sell your claim?
PV=R/〖(1+i)〗^n PV=10.5/〖(1+0.08)〗^3 ≈8.335 Answer 8.335 million
The clock is ticking. The coffee is brewing. The stress intensifies. And all you’ve written in the past 15 minutes…
APPROVED BY CLIENTS
It's hard to get straightforward feedback for programming assignments, usually it's like pulling teeth when you just want to flat out see where you went wrong so you can improve. Worth the (reasonable) payment. 5/5