Friday, December 16, 2011

Can any math, econ or Finance major help me answer the question? Please?

$1000 each year for ten years, no matter when it starts, would be $10,000. They would have to sell 10,000 tickets. As long as there is no loopholes the winning person should expect $10,000 at the end of ten years. If the first payment is on the day of the event, there will be nine more payments.

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