Business, 25.04.2020 01:36 rn2be1980

Present Value of an Annuity On January 1, you win $50,000,000 in the state lottery. The $50,000,000 prize will be paid in equal installments of $6,250,000 over eight years. The payments will be made on December 31 of each year, beginning on December 31 of this year. If the current interest rate is 5%, determine the present value of your winnings. Use the present value tables in Exhibit 7. Round to the nearest whole dollar. $

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Present Value of an Annuity On January 1, you win $50,000,000 in the state lottery. The $50,000,000...

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