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Homework answers / question archive / You have just won a two-part lottery! The first part will pay you $50

You have just won a two-part lottery! The first part will pay you $50

Finance

You have just won a two-part lottery! The first part will pay you $50.000 at the end of each of the next 20 years. The second part will pay you $1,000 at the end of each month over the same 20 year period. Assuming a discount rate of 7%, what is the present value of your winnings? $658,683 5567.572 O $495.048 O 5610.462 5529 303

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