A lottery winner wins a 50000year prize ends upon the death, Ask an Expert

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A lottery winner wins a $50,000/year prize ends upon the death of the winner. However, the lottery winner, who is a scientist, discovers a drug that makes him immortal, meaning the payments will continue to perpetuity. What is the present value of the lottery prize if the discount rate is 10%?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92781749

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