Question

Congratulations! You have just won $500 million in the largest Powerball jackpot payoff ever! You will receive payments of $25,000,000 per year for the next 20 years.

Required:
Using a present value table, your calculator, or a computer program present value function, calculate the present value of your lottery winnings, assuming an interest rate of 8%.



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  • CreatedOctober 05, 2013
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