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ces Sherwin Williams will earn $21,250 a year for the next 16 years for a picture he has painted. At an interest rate of 6
ces Sherwin Williams will earn $21,250 a year for the next 16 years for a picture he has painted. At an interest rate of 6 percent, how much are the earnings worth today? (Enter your answer as a positive number rounded to 2 decimal places.) b. Should he be willing to sell his future earnings now for $176,000? No O Yes K You just won the $62 million lottery. You will receive $2.8 million a year for the next 20 years plus an additional payment of $5 million at the end of 20 years. The interest rate is 14 percent How much is your lottery prize worth today? (Enter your answer as a positive number rounded to 2 decimal places.)
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