Kirk Faust just won the state lottery which promises to pay him $1,500 per year for 20 years, starting from today, and $1,850 per year for years 21-45, given a 6.75% discount rate. Your company wants to purchase the proceeds from the lottery from Kirk. What is the most that your company can offer? 

a. $23,673.45 

b. $22,176.53 

c. $24,876.43 

d. $18,484.98

Answer rating: 100% (QA)

Here is the calculation It is b 2217653 Interest rate 675 10675n years PV Factor Discount rate Futur... View the full answer