You just won the lottery! As your prize you will receive $1,500 a month for 100 months starting at the end of this month. If you can earn 8 percent, compounded monthly, what is this prize worth to you today?
You just won the lottery! As your prize you will receive $1,500 a month for 100 months starting at the end of this month. If you can earn 8 percent, compounded monthly, what is this prize worth to you today?
