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Page 4 The $40 million lottery payment that you just won actually pays $2 million per year for 20 years. If the discount rate is

Page 4 The $40 million lottery payment that you just won actually pays $2 million per year for 20 years. If the discount rate is 8%, and the first payment comes in 1 year, what is the present value of the winnings? (Round your answer to the nearest dollar.) PV 19.636 295 + 1 What if the first payment comes immediately? (Round your answer to the nearest dollar.) PV 21.207.1981

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