3. You have won a lottery which will pay you $1,000,000 at the end of...
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3. You have won a lottery which will pay you $1,000,000 at the end of each of the next five years. If your discount rate is 9%, what is the present value of your winning O A 52.345.000 OB.229.700 OC 15.000.000 0.55.450.500 8. You plan to save $11,000 per year for the next 40 years until you retire. Assuming that interest rates stay at 6% for the next 40 years, and that Interest is compounded annually, how much money will you have at retirement? A. 51,208.000 B. 51.702 360 OC 12.405.212 D. 52,987547
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