Rita gonzales won the 80 million lottery she is to receive, Ask an Expert

Finance

Rita Gonzales won the $80 million lottery. She is to receive $2.4 million a year for the next 30 years plus an additional lump sum payment of $8 million after 30 years. The discount rate is 12 percent.What is the current value of her winnings?

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Financial Management, Finance

Category:- Financial Management
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