Business, 31.07.2019 21:20 skyrileycasting

On january 1 you win $50,000,000 in the state lottery. the $50,000,000 prize will be paid in equal installments of $6,250,000 over eight years. the payments will be made on december 31 of each year, beginning on december 31 of this year. if the current interest rate is 12%, 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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On january 1 you win $50,000,000 in the state lottery. the $50,000,000 prize will be paid in equal i...

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