Question: 30 175 points Skipped eBook Hint Print References Problem 9-18 (Algo) Present value [LO9-3] Rita Gonzales won the $56 million lottery. She is to receive

30 175 points Skipped eBook Hint Print References Problem 9-18 (Algo) Present value [LO9-3] Rita Gonzales won the $56 million lottery. She is to receive $1.7 million a year for the next 25 years plus an additional lump sum payment of $13.5 million after 25 years. The discount rate is 9 percent. What is the current value of her winnings? Use Appendix B and Appendix D for an approximate answer, but calculate your final answer using the formula and financial calculator methods. Note: Do not round intermediate calculations. Round your final answer to 2 decimal places. Present value

Problem 9-18 (Algo) Present value [LO9-3] Rita Gortales won the $56 million lottery. She is to recelve $1.7 million a year for the next 25 years plus an adcitional lump sum payment of $3.5 million after 25 yeats. The discount rate is 9 percent. What ik the cintent value of her winnings? Use Aboendix B and Apoendis. D for an approximate answer, but calculate your final answer using the formula and financlal calculator methods. Note: Do not round intermediate caleulations, Round your final answer to 2 decimal places

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