You just won the lottery! as your prize you will receive $1,500 a month for twenty years. if you can earn 9 percent on your money, what is this prize worth to you today?

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asked May 25, 2018 122k views

5 votes

You just won the lottery! as your prize you will receive $1,500 a month for twenty years. if you can earn 9 percent on your money, what is this prize worth to you today?

Mathematics
high-school

VinceOPS asked

by VinceOPS

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392,400 is your total value or 1,635 a month.

Vijay Shiyani answered May 31, 2018

by Vijay Shiyani

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