Wednesday
April 16, 2014

Homework Help: Business math

Posted by Anonymous on Thursday, June 14, 2012 at 11:32pm.

you win a contest for which the prize is $6,000,000. You are going to receive 20 yearly payments of $300,000 what is the present value of this annuity? support your answer by means of an example using a discount rate of 5%

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