Business, 26.11.2019 21:31 klslaughter07
Present value of an annuity on january 1, you win $2,480,000 in the state lottery. the $2,480,000 prize will be paid in equal installments of $310,000 over 8 years. the payments will be made on december 31 of each year, beginning on december 31. if the current interest rate is 7%, 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 $2,480,000 in the state lottery. the $2,480,000 pr...
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