Question: TASK : An explanation on how to solve this question using a Texas Instrument BA II Plus Calculator would be greatly appreciated :) Celine Dion

TASK : An explanation on how to solve this question using a Texas Instrument BA II Plus Calculator would be greatly appreciated :)
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 $60,000 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 present value of her winnings? What is the present value of the winnings
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
