Joan Lucky won the $80 milion lottery. She is to receive $2.4 million a year for the next 30 years plus an additional lump-sum payment of $8.0 million after 30 years. The discount rate is 12 percent. What is the current value of her winnings? Use Appendix Band Appendix D. (Provide answers in terms of milions of dollars. Round "PU Factor" to 3 decimal places. Round the final answer to the nearest whole dollar) Current Value APPENDIX B Present Value of su.r, W-Part- --- Per 5% Per 7 M 0 1250 ME TOSD CHO 516 werd 109 Q. SON ORONG 0.751 1950 CHO 1080 LOED PRO SOS SO 0 TOTO 0.13 mo 0.60 0.70 0.747 0.705 OS 0836 0157 0.79 0.735 0.01 BAO RIS 0.25 0.703 052 0.772 0.200 5 0.03 0.764 0.746 0.711 1950 MUL 1050 TINO TELO ww 50 CLSO 00 HO L6CD CO 0.837 03 7 0.871 0.790 0.70 0.731 073 WO by O 0.621 0.564 0:51 0.47 D. WO ISO 000 SKO LO IVO 050 7169 VOD SU NO 0:54 0.500 2.450 0.022 10 11 obro 01645 0.614 0985 0.744 0722 osa 0.527 0.029 0317 TO . 20 2.444 WED SEO SEO COCO CICO ORO . OSO SIYO 0.773 0.758 HO KO or SIE 1 0.572 0.40 2017 WO OXO 120 TO BICO TWO w HO O 6 12 18 050 0.01 . 0.5H 072 0714 6.700 wei 0.41 0.0 0.416 SUTO YO ITO TITO ISO LICO CO LEO GEO CE SO WO OLED 10 LEO TO 22 0.00 0570 OS . 3675 06 0.375 0.377 0.112 SITO 1 0164 10 0.00 06 19 RO 1 0.124 0.074 0000 170 0.116 0.075 ZO WIB 30 0.7 0.412 TO ITE TCB OV 0.03 CO O 3.0 0.005 TO B TO OD 1900 141 O 0.013 0.000 V LETO 1 OUCO MA VI re VE DO TEN DUM 674 in 000 6.700 0.741 . . 0.710 1D 0.71 0.50 som 0.66 0.444 . 712 06 05 9655 8 WO ILLO PO PO vo GEO TO 0515 re 512 0.110 0.60 VO ICO os 1 O DO CERO NICO otvo VS OCCO HO co BUS ODEO OTO oito 15 0.16 122 279 NO 32 TO IS FO MED LED D DO w PRO 0209 16 es 1 NE 1616 09 e 11 18 SEID re 03 0.09 0.017 0.012 1 0.007 Le TO DID 17 MED 112 1 WID 0104 0.01 th Se TO Tire re 10 US 1 11 000 100 sor bre Stone 10 WI 00 11 31 M WOOD 19 000 BOOT PO O 10 25 tres TO 10 B . 3.000 . APPENDIX D Present Value of an Annuity of S1, P. P. w-=79)-14-41941 96 Period 2% 0.980 1942 2.884 3.808 4.713 5.601 6.472 5% 0.952 1.859 2723 3.546 4.329 5.076 5.786 X 0.926 1.783 2577 3.312 3.993 156 0.900 1.970 2.941 3.902 LAS 5.795 6.720 7.652 8.566 9.471 10.368 11.255 12.13 13.004 13.05 14718 15.502 16.358 17.225 10.046 22.023 25.2008 12.835 3% OLSTI 1.913 2829 3.717 4. SRO 5417 6.230 7.020 7.706 530 9.253 9.950 10.685 11.296 11.938 12.561 13.1GG 13.750 0.92 LONG 2.775 3600 4452 5242 6.002 6.733 7.435 8,111 8.760 9.385 9.986 10.563 11.118 11.652 12.165 12.699 13.134 13.50 15.632 17292 19.793 21.482 7.100 7.722 8.306 8.863 9.391 Percent 8 0.943 1333 2.673 3.465 4212 4917 5.582 6210 6.800 7360 7.887 8.38 BASE 9.295 9.712 10.106 10.477 10.12 11.158 11.07 12.73 11.16 15.066 15.762 8.162 3.983 9.787 10.575 11.30 12.105 12 809 13.578 14.292 14.992 15.678 16.351 19.523 22.336 ( 3 ====== 71 0935 1.80 2.624 3.387 4.100 4.767 5.489 5.971 6.515 7.024 7.499 7.943 8.358 8.745 9.108 9.447 9.763 10.059 10.336 10.594 11.650 12.09 13.332 13.301 TOK 0909 1.736 2687 2170 3.791 4.355 4.82 5.335 5.759 6.145 6.495 6.814 7.163 7.367 7.60G 7.824 0.917 1.759 2.531 3.240 3.890 4.486 S.03 5.515 5.95 6.418 DS 7.61 7.48 7.786 8.061 8.313 8.5L 8.756 11% 0.901 1.713 2.444 3.102 3.696 4.231 4.712 5.146 5.837 5.89 6 207 6.192 6750 ti 7.191 7.379 2.SE 02 Z839 5.206 5.747 6.247 6.710 7.139 7.536 7.904 8.214 8.559 8.851 9.122 9.372 9.604 SI 10.675 11.250 11.925 12 233 6686 CREOL 3.201 10.838 11.274 11.690 12.085 12.462 14.00:1 15.a 17.159 18 256 9.12 $14 9.022 9123 10872 17413 19.600 23.115 25.7.0 8.122 10.276 10.757 10.902 9.779 156 Period 16%. 13 OBBS 15% 0870 104 0.714 0677 126 0.893 1.800 2.462 CO SOFT 20% DIES LING 2.100 2589 29 he 1361 1.16 2.16 353 0.71 1:23 1.GANG 1.996 2.2 2855 2.26 27 3274 17% ORG 1. SILS 2.210 2.743 119 15 3,922 207 151 2974 3.512 19 503 O. 1111 1.10 1.605 1.737 24 SH 1649 MOS 2.1 3.605 DEE 2014 3.130 . 1.25 4630 1995 5210 5.53 1957 STRE GEOT PEP LOT Percent 18% 19 0,342 0.500 1.56 1.587 2.174 2.140 2690 1127 30 3.44 3.410 3.312 1.706 L078 3.950 4.16 1. 119 4.656 793 10 5. 3.092 4.790 5.132 5.126 2331 0.000 1.110 1.952 23 2.6 21 1.00 3.3.19 3.163 3.571 1656 T25 INTRO 24 3 3.781 4.16 4.UT 772 S.O019 5.236 5421 S.SI 5724 DET 2.385 2.50 2.598 2.565 2.315 2.72 1.322 191 136 . 2013 2302 2.925 3.019 3,092 3.142 3.10 3.23 39 0.833 5.629 2:14 4.836 11 12 ES 2.454 5.3.28 5.69 S. 6.154 6424 6.628 011 6,974 70 7.250 5.91 122 3.837 4.031 L.IS 43 49 4313 1,611 0675 730 175 SH Zone 2919 1191 VI TO POT 915 5.110 5229 1.990 1.990 1995 CESS TE 6.143 6.265 CHES 15 12 LE SA 5.475 SA 6729 27 2014 2025 2.834 2.810 231 2.648 2.450 2. 2.05 2 2192 2191 07 5.467 12 NG 5. $27 316 1. CE TOLE TE NE 7.00 623 ES COES 124 L 11 SUS 1. R. 05 64464 DS 1015 561 SEZE INT 151 7490 7.000 1.999 1.999 21000 KO LOCO BODO 25 E ST66 S. SITE 58 6.612 14 FEL ZS M 675 2.500 2.500 6246 ISSS ODP 3
