You have won the lottery and will receive $50,00 per year at the end of each of the next 10 years.

| September 11, 2016

Question
I am needing hep with trying to figure out a problem with finance. The question is

You have won the lottery and will receive $50,00 per year at the end of each of the next 10 years. At a 10% discount rate, what is the present value of the winnings? and can you take me step by step?

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