Question
Dabra King has just won the Lotta. Her prizs pays $51200 at the end of sach year for 5 yaars in addition, aha vill
Dabra King has just won the Lotta. Her prizs pays $51200 at the end of sach year for 5 yaars in addition, aha vill receivsa one-time sayment of 5307200 at the end of 5 ysars Using the foilowing factors at 13%. what amount has Debra really won in the Lotto? (round to the nearest dollar) Type of Cash Flow Periods interest Rate Factor PV of $1 5 13% 0.5428 FV of S1 13% 18424 PV ordinary annuity 13% 3.5172 FV ordinary annuity 13% 6.4803 PVannuity due 13% 3.9744 O $746066 O $346629 O 5563200 O S660316
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