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SHOW BAII PLUS CALCULATOR INPUTS 1 2 . You have won a state lottery prize quoted as $ 2 4 million dollar lottery , what

SHOW BAII PLUS CALCULATOR INPUTS
12. You have won a state lottery prize quoted as $24 million dollar lottery, what this really means is that if you take the monthly payments of $100,000 for 20 years, you will have a total payout of $24 million. If the appropriate interest (discount) rate is assumed to be 4.2% APR, what would be the cash payout on this lottery today? Note: this PV would likely be the one-time cash payout if that option had been available.

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