you just won the $42 million Ultimate Lotto jackpot. Your winnings will be paid as $2,100,000 per year for the next 20 years. If the appropriate interest rate is 5.4 percent, what is the value of your windfall? A. $24,040,071.00 B. $25,305,337.90 C. $26,148,849.16 D. $24,571,826.14 E. $26,671,826.14

you just won the $42 million Ultimate Lotto jackpot. Your winnings will be paid as $2,100,000 per year for the next 20 years. If the appropriate interest rate is 5.4 percent, what is the value of your windfall? A. $24,040,071.00 B. $25,305,337.90 C. $26,148,849.16 D. $24,571,826.14 E. $26,671,826.14

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 6P

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