You recently won the lottery for 100000000 and found out, Ask an Expert

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You recently won the lottery for $100,000,000 and found out that they will pay you $5,000,000 per year for 20 years. Assume that the payments will be made to a tax shelter that you had previously set up and that no income taxes will be payable. If the discount rate that is reasonable is 3%, what is the present value of this annuity stream?

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Financial Management, Finance

Category:- Financial Management
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