Business, 07.10.2021 07:10 Moocow17

You have just won the lottery. You will receive $12,500,000 today, and then receive 25 payments of $3,200,000. 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 $40,000,000. The interest rate is an APR of 9 percent compounded daily. Assume there are 365 days per year. What is the value today of the cash flows from your lottery winnings

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You have just won the lottery. You will receive $12,500,000 today, and then receive 25 payments of $...

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