Emma Boynton is the lucky winner of the state lottery and is going to receive 24 payments

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Emma Boynton is the lucky winner of the state lottery and is going to receive 24 payments of $ 100,000 per year Note that she receives her first payment TODAY ( NOT at the end of the first year ) . If the annual interest rate is 3 %

calculate the present value of her winnings is closest to $?

Related Book For answer-question

Macroeconomics Principles, Applications, and Tools

ISBN: 978-0132555234

7th Edition

Authors: Arthur O Sullivan, Steven M. Sheffrin, Stephen J. Perez

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Posted Date: Jan 31, 2023 07:58 AM

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Emma Boynton is the lucky winner of the state lottery and is going to receive 24 payments

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Present Value 100000 1... View the full answer

Macroeconomics Principles, Applications, and Tools

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