After winning $25 million in the state lottery, Jessica learns that she will receive
Chapter 5, Problem 44(choose chapter or problem)
After winning $25 million in the state lottery, Jessica learns that she will receive five yearly payments of $5 million beginning immediately. (a) What is the PV of Jessicas prize if r = 6%? (b) How much more would the prize be worth if the entire amount were paid today?
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