## [answered] Assume I won 100 million dollars in a lottery that pays ins

Assume I won 100 million dollars in a lottery that pays installments of 20 million dollars a year for five years or a lump sum of less than a million dollars. Assume the interest rate is 5% per year. Calculate what the lump sum should be so that it would exactly equal the stream of installments.?

Assume I won 100 million dollars in a lottery that pays installments of 20 million dollars a year

for five years or a lump sum of less than a million dollars. Assume the interest rate is 5% per...

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