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Section Two: This section has three questions (A, B, C), answer all of them. A) David has won the $4,700,000 lotto prize and wants to
Section Two: This section has three questions (A, B, C), answer all of them. A) David has won the $4,700,000 lotto prize and wants to save all of the money for his children. After weeks of thinking, his wife, Dinara, studied finance and advised him to receive an annual cash flow of $235,000 for twenty years, with the first payment to be received one year from today. If David agrees on his wife's advice, and if he can reinvest his money at an annual rate of 10%, then how much money will be in his account in twenty years' time? (5-points).
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