ou and 11 coworkers just won $6 million (500,000.00 each) from the state lottery. Assuming you each receive your share over 19 years and that the state lottery earns a 7 percent return on its funds, what is the present value of your prize before taxes if you request the ‘up-front cash’ option? (Note: Also assume an ordinary annuity—payments made at the end of each period.) The present value of your prize before taxes if you request the ‘up-front cash’ option is $_____?
https://classicassignments.com/wp-content/uploads/2021/01/final-bg.png 0 0 Davie https://classicassignments.com/wp-content/uploads/2021/01/final-bg.png Davie2019-06-28 23:54:132019-06-28 23:54:13state lottery.