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Jeetml?con-condexternal browser-O&aunchurl=http%253A%252F%252Fims meducation.com 252Fmghmiddleware%252Fmheproc YouTube Maps 3 The $46.0 million lottery payment that you have just won actually pays $2 3 million per year for
Jeetml?con-condexternal browser-O&aunchurl=http%253A%252F%252Fims meducation.com 252Fmghmiddleware%252Fmheproc YouTube Maps 3 The $46.0 million lottery payment that you have just won actually pays $2 3 million per year for 20 years. The interest rate is 8% 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.) Is Present value Book 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.) Tences Present value
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