Package com.imsl.test.example.finance

Class FinancePvEx1

java.lang.Object

com.imsl.test.example.finance.FinancePvEx1

public class FinancePvEx1
extends Object

Computes the net present value of a lottery prize.

A lady wins a $10 million lottery. The money is to be paid out at the end of each year in $500,000 payments for 20 years. The current treasury bill rate of 6% is used as the discount rate. Here, the present value of her prize is computed.

See Also:

• Code
• Output

Constructor Summary

Constructors

Constructor	Description
FinancePvEx1()

Method Summary

Modifier and Type	Method	Description
static void	main(String[] args)

Methods inherited from class java.lang.Object

clone, equals, finalize, getClass, hashCode, notify, notifyAll, toString, wait, wait, wait

Constructor Details

FinancePvEx1

public FinancePvEx1()

Method Details

main

public static void main(String[] args)