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4Chttps/ mheducat Chapter 9 Homework Saved Help Save & Exit Submit Check my work 6 Rita Gonzales won the $53 million lottery She is to
4Chttps/ mheducat Chapter 9 Homework Saved Help Save & Exit Submit Check my work 6 Rita Gonzales won the $53 million lottery She is to receive $2.2 million a year for the next 20 years plus an additional lump sum payment of $9 milion after 20 years. The discount rate is 12 percent What is the current value of her winnings? Use Appendix B and Appenstis.D for an approximate answer, but calculate your finai answer using the formula and financial calculator methods (Do not round intermediate calculations. Round your final answer to 2 decimal places.) 285 points Hrt
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