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I would you be wig lu pay ludy TUI LHS lype of Investment? (Round your answer to nearest whole dollar.) g. A college student is
I would you be wig lu pay ludy TUI LHS lype of Investment? (Round your answer to nearest whole dollar.) g. A college student is reported in the newspaper as having won $10,000,000 in the Kansas State Lottery. However, as is often the custom with lotteries, she does not actually receive the entire $10 million now. Instead she will receive $500,000 at the end of the year for each of the next 20 years. If the annual interest rate is 6%, what is the present value (today's amount) that she won? (Ignore taxes.) Answer is complete but not entirely correct. a. Present value $ b. Present value $ 42,504 12,859.50 1,096.11 C-1. Future value $ Now C-2. Would you rather have $463 now or $1,000 ten years from now? d. Future value IS 132.98 $ $ e. Future value $ f. Present value $ 339,760.60 8,528 18,392,800 g. Present value $ $ BE Prev 11 of 11 Next ...EE
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