An arizona resident won 13055358 lottery for which, Ask an Expert

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An arizona resident won $1,305,535.8 lottery, for which sherecieves 20 annual payments of 65,276.79. singer offered her a fixed payment today in exchange for one half of the next nine payments that she receives from her lottery winnings. singer offered 150,000 to the lottery winner. what was the discount rate that singer used to value cash flows?

Singer then sold the cash flows to enhance at an interest rate of 8.96%. what was stringer's profit?

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Financial Management, Finance

Category:- Financial Management
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