Question: (PLEASE SHOW ALL WORK AND VALUES) (PLEASE SHOW ALL WORK AND VALUES) 38) A lottery ticket states that you will receive $250 every year for

(PLEASE SHOW ALL WORK AND VALUES)

38) A lottery ticket states that you will receive $250 every year for the next ten years. What is the present value of the winning lottery ticket if the discount rate is 6% and it is an ordinary annuity? What is the present value of the winning lottery ticket if the discount rate is 6% and it is an annuity due? What is the difference between the ordinary annuity and annuity due? a. b. c

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