Congratulations! You have just won $2 billion in the largest Powerball jackpot payoff ever! You will receive
Question:
Congratulations! You have just won $2 billion in the largest Powerball jackpot payoff ever! You will receive payments of $100,000,000 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 4%.
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Related Book For 
Accounting What the Numbers Mean
ISBN: 978-1260565492
12th edition
Authors: David Marshall, Wayne McManus, Daniel Viele
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