38) A lottery ticket states that you will receive $250 every year for the next ten years. a. What is the present value of the winning lottery ticket if the discount rate is 6% and it is an ordinary annuity? b. What is the present value of the winning lottery ticket if the discount rate is 6% and it is an annuity due? c. What is the difference between the ordinary annuity and annuity due?
+5
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “38) A lottery ticket states that you will receive $250 every year for the next ten years. a. What is the present value of the winning ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Home » Business » 38) A lottery ticket states that you will receive $250 every year for the next ten years. a. What is the present value of the winning lottery ticket if the discount rate is 6% and it is an ordinary annuity? b.