Question: Celine Dion just won a Name That Tune contest with a grand prize of $230, 000. However, the contest stipulates that the winner will receive
Celine Dion just won a "Name That Tune" contest with a grand prize of $230, 000. However, the contest stipulates that the winner will receive $80, 000 immediately, and the remainder divided equally at the end of each of the next 14 years. Assuming that she can earn 4% on her money, what is the prevent value of her winnings? What is the present value of the winnings? enter your answer in the answer box and then click Check
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