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You just won a special lottery which will entitle you to an annual payment $43000 for 10 years, but the first payment won't start until
You just won a special lottery which will entitle you to an annual payment $43000 for 10 years, but the first payment won't start until 4 years later (i.e. 1st payment at the end of the 4th year). If you plan to immediately deposit every payment into an annuity product that gives you 6.67% APR with annual compounding, how much is your account balance at the end of the lottery payment plan (i.e. when you receive the last payment)? Your
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