Rita gonzales won the 38 million lottery she is to receive, Ask an Expert

Finance

Rita Gonzales won the 38 million lottery. she is to receive 1.1 million a year for the next 25 years plus an additional lump sum payment of 10.5 million after 25 years. the discount rate is 12 percent. what is the current value of her winnings?

present value =

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92666228

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