Suppose you have a winning sweepstakes ticket and you are given the option of accepting $1,000,000 three years from now or taking the present value of the $1,000,000 now. The sponsor of the prize uses a 7% discount rate. If you elect to receive the present value of the prize now, the amount you will receive is?

Please explain the work as well. 

The post Suppose you have a winning sweepstakes ticket and you are given the option of accepting ,000,000 three years from now or taking the present value… first appeared on buycustomessays.org .


Suppose you have a winning sweepstakes ticket and you are given the option of accepting $1,000,000 three years from now or taking the present value… was first posted on October 18, 2020 at 6:51 pm.
©2019 "buycustomessays.org ". Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at admin@buycustomessays.org

 

"Get 20% OFF on a Similar Assignment!! Place Your Order and Use this Coupon Code: SUPER20"

buy custom essays