Question 9 (of 10) value 1.00 points You have just won the lottery. You will receive $2,520,000 today, and then receive 40 payments of $1,260,000 These payments will start one year from now and will be paid every six months. A representative from Greenleaf Investments has offered to purchase all the payments from you for $20 million. The interest rate is an APR of 10 percent compounded daily. Assume there are 12 months in a year, each with 30 days What is the present value of the cash flows from your lottery winnings? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Present value References eBook & Resources Worksheet Section: 4.3 Compounding Periods Difficulty: 3 Section: 4.4 Simplifications value 1.00 points Your financial planner offers you two different investment plans. Plan X is a $10,000 annual perpetuity. Plan Y is a 16-year, $25,000 annual annuity. Both plans will make their first payment one year from today. At what discount rate would you be indifferent between these two plans? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Discount rate References eBook & Resources Worksheet Difficulty: 3 Challenge Section: 4.4 Simplifications Check my work