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You have just won the lottery. You will receive $ 7 , 0 0 0 , 0 0 0 today, and then receive 3 0
You have just won the lottery. You will receive $ today, and then receive payments of $ These payments will start one year from now and will be paid every six months. A representative from Greenleaf Investments has offered to purchase all the payments from you for $ The appropriate interest rate is an APR of percent compounded daily. Assume there are days per year. What is the value today of the cash flows from your lottery winnings?
Note: Do not round intermediate calculations and round your answer to decimal places, eg
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