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You have just won the Georgia Lottery with a jackpot of $23,000,000. Your winnings will be paid to you in 26 equal annual installments with
You have just won the Georgia Lottery with a jackpot of $23,000,000. Your winnings will be paid to you in 26 equal annual installments with the first payment made immediately. If you feel the appropriate annual discount rate is 15%, what is the present value of the stream of payments you will receive? Question 17 options: $6,602,901.11 $5,741,653.14 $6,034,477.45 $5,127,296.26 $8,051,577.62
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