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You have just won the Life's Downhill After 3 0 lottery. The lottery payments will be made for the next 3 0 years. The payments
You have just won the Life's Downhill After lottery. The lottery payments will be made for the next years. The payments are slightly unusual in that you will be paid $ every six months starting six months from today, for a total of payments. You will also receive $ every nine months starting nine months from today, for a total of payments. When the payments coincide, for example months from today, you will receive both payments. If the interest rate is an APR of percent compounded monthly, what is the present value of your winnings?
Note: Do not round intermediate calculations and round your answer to decimal places, eg
Value today
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