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Question 23 of 45 -13 View Policies Current Attempt in Progress Susan Wilson has just won the Lotto. Her prize pays $37600 at the end
Question 23 of 45 -13 View Policies Current Attempt in Progress Susan Wilson has just won the Lotto. Her prize pays $37600 at the end of each year for 5 years. In addition, she will receive a one-time payment of $225600 at the end of 5 years. Using the following factors at 9%, what amount has Susan really won in the Lotto? (round to the nearest dollar) Type of Cash Flow Periods Interest Rate Factor PV of $1 5 9% 0.6499 FV of $1 5 9% 1.5386 PV ordinary annuity 5 9% 3.8897 FV ordinary annuity 5 9% 5.9847 5 PV annuity due 9% 4.2398 O $493361 O $404960 O $292870 O $413600 Submit Answer Attempts: 0 of 1 used Save for Later
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