Question: Answer 7,168,700 is wrong. g. A college student is reported in the newspaper as having won $12,500,000 in the Kansas State Lottery. However, as is


Answer 7,168,700 is wrong.
g. A college student is reported in the newspaper as having won $12,500,000 in the Kansas State Lottery. However, as is often the custom with lotteries, she does not actually receive the entire $12.5 million now. Instead she will receive $625,000 at the end of the year for each of the next 20 years. If the annual interest rate is 6%, what is the present value (today's amount) that she won? (ignore taxes). (Round your answer to nearest whole dollar.) g. Present value
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