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pls answer Joan Lucky won the $38 million lottery. She is to recelve $11 million a year for the next 25 years plus an additional
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Joan Lucky won the $38 million lottery. She is to recelve $11 million a year for the next 25 years plus an additional lump-sum payment of $10.5 million after 25 years. The discount rate is 12 percent. What is the current value of her winnings? Use ARRendlx. B and Anpendi D. (Round "PV Factor" to 3 decimol ploces. Enter your onswer in dollors, not millions of dollars, 0.9,1,234,567. Current Value Step by Step Solution
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