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 $_____?
The work provided by the experts from firstclasshonors.com are model papers for students and it should not be submitted as it is in their school, college, or university. Our crafted papers are strictly intended to help students on their grades
+1 (740) 470 2447