{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-06T11:10:46-04:00", "answer_date": "2024-06-06 11:10:46", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "2360958", "url": "\/study-help\/questions\/for-practice-saved-help-save-problem-538-annuity-due-2360958", "question_creation_date_js": "2024-06-06T11:10:46-04:00", "question_creation_date": "Jun 06, 2024 11:10 AM", "meta_title": "[Solved] for practice Saved Help Save & Problem 5- | SolutionInn", "meta_description": "Answer of - for practice Saved Help Save & Problem 5-38 Annuity Due (LO3) The $70.0 million lottery payment that you have just won | SolutionInn", "meta_keywords": "practice,saved,help,save,problem,5-38,annuity,due,lo3,$70.0,million,lottery", "question_title_h1": "for practice Saved Help Save & Problem 5-38 Annuity Due (LO3) The $70.0 million lottery payment that you have just won actually pays $2.8 million", "question_title": "for practice Saved Help Save & Problem 5-38 Annuity Due (LO3) The", "question_title_for_js_snippet": "for practice Saved Help Save Problem 5 38 Annuity Due (LO3) The $70 0 million lottery payment that you have just won actually pays $2 8 million per year for 25 years The interest rate is 10 a If the first payment comes in 1 year, what is the present value of the winnings (Do not round intermediate calculations Enter your answer in millions of dollars rounded to 2 decimal places ) Present value Ices b What is the present value if the first payment comes immediately (Do not round intermediate calculations Enter your answer in millions of dollars rounded to 2 decimal places ) Present value", "question_description": "\"image
\"image<\/div><\/div><\/div> for practice Saved Help Save & Problem 5-38 Annuity Due (LO3) The $70.0 million lottery payment that you have just won actually pays $2.8 million per year for 25 years. The interest rate is 10%. a. If the first payment comes in 1 year, what is the present value of the winnings? (Do not round intermediate calculations. Enter your answer in millions of dollars rounded to 2 decimal places.) Present value Ices b. What is the present value if the first payment comes immediately? (Do not round intermediate calculations. Enter your answer in millions of dollars rounded to 2 decimal places.) Present value", "transcribed_text": "", "related_book": { "title": "Elementary Statistics", "isbn": "0321836960, 978-0321836960", "edition": "12th Edition", "authors": "Mario F. Triola", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/450.jpg", "uri": "\/textbooks\/elementary-statistics-12th-edition-450", "see_more_uri": "" }, "free_related_book": { "isbn": "1737760800", "uri": "\/textbooks\/tabe-11-and-12-consumable-student-reading-manual-for-level-m-1st-edition-978-1737760801-341609", "name": "Tabe 11 And 12 Consumable Student Reading Manual For Level M", "edition": "1st Edition" }, "question_posted": "2024-06-06 11:10:46", "see_more_questions_link": "\/study-help\/questions\/business-banking-2021-September-12", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/consider-a-job-you-have-held-and-review-table-141", "description": "Consider a job you have held, and review Table 14.1 about the traditional and new team environment. Which environment best describes your job? 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