Amanda won a lottery that would pay her $5,000 in a year
Question # 00681876
Posted By:
Updated on: 05/07/2018 08:42 AM Due on: 05/07/2018
Amanda won a lottery that would pay her $5,000 in a year and $10,000 in two years. If
the lottery company had another option where she could get an upfront amount now and
another $7,000 in one year, calculate the upfront amount that she would receive now
from the second option, assuming that money is worth 2% compounded semi-annually.
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Rating:
/5
Solution: Amanda won a lottery that would pay her $5,000 in a year