You won a lottery that pays $[p] at the end of each year for…
You won a lottery that pays $[p] at the end of each year for [n] years. The lottery offers you a single lump sum today instead. If you can earn [r]% per year on your investments, what is the smallest lump sum you should accept in place of the annual payments? Enter your answer as a number only, without a $ sign or commas, rounded to two decimal places.
Read DetailsYou have the opportunity to buy an investment that pays $[c]…
You have the opportunity to buy an investment that pays $[c] at the end of every year, forever. Your required rate of return is [r]% per year. What is the most you should pay for this investment today? Enter your answer as a number only, without a $ sign or commas, rounded to two decimal places.
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