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    Present value that is today's worth of lottery

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    Let's say I just won the lottery and I'm suppose to receive $2,000 five years from now. At an interest rate of 6%, what is that $2,000 worth today?

    © BrainMass Inc. brainmass.com June 3, 2020, 7:12 pm ad1c9bdddf
    https://brainmass.com/business/capital-budgeting/90020

    Solution Summary

    This provides the steps to calculate the present value that is today's worth of lottery

    $2.19

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