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what is the current value of her winnings Joan Lucky won the $47 million lottery. She is to recelve $2.7 million a year for the
what is the current value of her winnings
Joan Lucky won the $47 million lottery. She is to recelve $2.7 million a year for the next 15 years plus an additional lump-5um payment of $6.5 million after 15 years. The discount rate is 10 percent. What is the current value of her winnings? Use Appendix 8 and Appendix D. (Round "PV Factor" to 3 decimal places, Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.) Current Value $ Step by Step Solution
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