You just won the lottery and have elected to receive it in equal payments, starting today...
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You just won the lottery and have elected to receive it in equal payments, starting today and lasting 20 years (20 payments). The value of the lottery is $2,500,000 today. If the lottery's discount rate is 8%, how much will you receive each year? (Choose the closest answer.) $125,000 $254,631 $235,769 $231,093 You just won the lottery and have elected to receive it in equal payments, starting today and lasting 20 years (20 payments). The value of the lottery is $2,500,000 today. If the lottery's discount rate is 8%, how much will you receive each year? (Choose the closest answer.) $125,000 $254,631 $235,769 $231,093
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