Prizes are not often not worth as much as claimed
Question:
Prizes are not often not "worth"as much as claimed. Place a value on a prize of $5,000,000 which is to be received in equal payment over 20 years, with the first payment beginning today. Assume an interest rate of 7% over the 20 years.
Now Priced at $20 (50% Discount)
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Prizes are not often not "worth"as much as claimed. Place a value on a prize of $5,000,000 which is to be received in equal payment over 20 years
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