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Please don't use financial calculator for the answer Joan Lucky won the $85 million lottery. She is to receive $2.6 million a year for the
Please don't use financial calculator for the answer
Joan Lucky won the $85 million lottery. She is to receive $2.6 million a year for the next 30 years plus an additional lump-sum payment of $7.0 million after 30 years. The discount rate is 6 percent. What is the current value of her winnings? Use Appendix B and Appendix D. (Provide answers in terms of millions of dollars. Round "PV Factor" to 3 decimal places. Round the final answer to the nearest whole dollar.) Current ValueStep by Step Solution
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