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You just won the lottery, which promises you $260,000.00 per year for the next 20 years, starting today. That is, this is an annuity due.
You just won the lottery, which promises you $260,000.00 per year for the next 20 years, starting today. That is, this is an annuity due. If your discount rate is 7.00%, what is the "present value" of your winnings?
$3,223,973 |
$2,754,443 |
$3,229,548 |
$3,088,082 |
$2,947,254 |
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