Problemrita gonzales won the 41 million lottery she is to, Ask an Expert

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Problem:

Rita Gonzales won the $41 million lottery. She is to receive $1.5 million a year for the next 19 years plus an additional lump sum payment of $12.5 million after 19 years. The discount rate is 14 percent.

Question: What is the current value of her winnings? Show all work and computations.

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Category:- Basic Finance
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