Unformatted text preview: in part (1) or $50,000 per year forever. Which is better in terms of present value? What if the stream of payments in part (2) only lasted 30 years instead of forever. What has the highest present value then? Hint: there is an easier way to solve this problem than adding up the present values of 30 payments one at a time....
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- Spring '12
- lottery ticket, highest present value