Question
D) Joan Lucky won the $44 million lottery. She is to receive $2.0 million a year for the next 17 years plus an additional lump-sum
D)
Joan Lucky won the $44 million lottery. She is to receive $2.0 million a year for the next 17 years plus an additional lump-sum payment of $10.0 million after 17 years. The discount rate is 9 percent. What is the current value of her winnings?
Use Appendix B ( 0.231 factor ) and Appendix D (8.544 factor)
(Round "PV Factor" to 3 decimal places. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.)
fine the Current Value $
E)
Delia has a choice between $109,000 in 10 years or $35,000 today. Use Appendix ( 0.386 factor)
Calculate the present value of $109,000, If long-term rates are 9 percent. (Round "PV Factor" to 3 decimal places. Round the final answer to the nearest whole dollar.)
Present value $
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