Assume you won a prize and will recelve $32,800 for the next 16 years. a. How much is your prize worth now If the interest rate is 17 percent? (Enter your answer as a whole number rounded to 2 decimal places.) b. Should you accept $208.000 now in exchange for the future payments? O Yes O No
Assume you won a prize and will recelve $32,800 for the next 16 years. a. How much is your prize worth now If the interest rate is 17 percent? (Enter your answer as a whole number rounded to 2 decimal places.) b. Should you accept $208.000 now in exchange for the future payments? O Yes O No
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 1QTD
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