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I recently found a real-life advertisement in the newspaper. (Only the phone number has been changed.) Suppose that you have won a $20,000,000 lottery, paid
I recently found a real-life advertisement in the newspaper. (Only the phone number has been changed.) Suppose that you have won a $20,000,000 lottery, paid in 20 annual installments. How much would be a fair price to be paid today for the assignment of this prize? Assume the money could be invested at 9%. (Assume the lottery pays out as an ordinary annuity. Round your answer to the nearest cent.) $ la-7:30p LOAN WANTED: $150,000, se-sold unless ffordable. cured by approx. $600,000 clearly indic 555-8310. equity In four proper and telemar pay ve potain the be Massage Here exc. credit. 555-4285. When earni 55 in/oy or mplied. *** WE PAY CASH *** ma es eve CARE * for R.E notes, lotteries, annuities, ady ortiseme 555-1872 bus. notes, Inheritances. Please or do no call 800-555-7853. quirement OUCIN2 ENTREPRENEURS need invesnot be respi to establish a juice 8-3590 * error, we as Min. 15% be reportec !! Interest. 555-4668. may take e $6000 NEEDED for 90 days, 20% CLASSIFIE! Massage Interest. "62-'72 corvettes, Hunter's $12K val. or R.E. for collateral. trade-hire In Call 555-5312 Iv. msg. aft 6pm. vice, the
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