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You and 11 coworkers just won $15 million ($1,250,000.00 each) from the state lottery. Assuming you each receive your share over 17 years and that

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You and 11 coworkers just won $15 million ($1,250,000.00 each) from the state lottery. Assuming you each receive your share over 17 years and that the state lottery earns a 6 percent return on its funds, what is the present value of your prize before taxes if you request the 'up-front cash' option? Click on the table icon to view the annuity table

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