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A Powerball winner is offered two options: 1 lump sum payment of $183 million, or 30 annual payments of $10.1 million If the average annual
A Powerball winner is offered two options: 1 lump sum payment of $183 million, or 30 annual payments of $10.1 million If the average annual interest rate over the term of the payments is 3.5%, what is the Present Value of the annual payments? $ Round to the nearest dollar. What is the difference between the lump sum payment and the present value of the annual payments? $ Round to the nearest dollar. Represent as a positive number. What if the average annual interest rate over the term of the payments is 7%, what is the Present Value of the annual payments? $ Round to the nearest dollar What is the difference between the lump sum payment and the present value of the annual payments? $ Round to the nearest dollar. Represent as
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