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Question 23 of 45 - /3 = View Policies Current Attempt in Progress Dabra King has just won the Lotto. Her prize pays $51200 at
Question 23 of 45 - /3 = View Policies Current Attempt in Progress Dabra King has just won the Lotto. Her prize pays $51200 at the end of each year for 5 years. In addition, she will receive a one-time payment of $307200 at the end of 5 years. Using the following factors at 13%, what amount has Debra really won in the Lotto? (round to the nearest dollar Type of Cash Flow Periods Interest Rate Factor PV of $1 5 1356 0.5429 FV of $1 5 1396 1.9424 PV ordinary annuity 5 1396 3.5172 FV ordinary annuity 5 1396 6.4803 PV annuity due 5 1356 3.9744 O $746066 O $346829 O 5563200 O $660316
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