Latest book Aptitude Question SOLUTION: Prizes are often not "worth" as much as claimed. What is the real value of a prize of $5,000,000 which is to be received in equal payments over 20 years, with the first payment be

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(#M40086035) BOOK Numerical Ability question Keep an EYE

Prizes are often not "worth" as much as claimed. What is the real value of a prize of $5,000,000 which is to be received in equal payments over 20 years, with the first payment beginning today? Assume an interest rate of 5% over the 20 years.

Asked In book (9 years ago)

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