Business, 14.02.2020 03:46 tilly40oooo
You have won the lottery. You will receive $2,420,000 today, and then receive 40 payments of $1,210,000 These payments will start one year from now and will be paid every six months. A representative from Greenleaf Investments has offered to purchase all the payments from you for $25 million. The appropriate discount rate is an APR of 9 percent compounded daily. Assume there are 12 months in a year, each with 30 days.
What is the present value of the cash flows from your lottery winnings?
Answers: 3
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You have won the lottery. You will receive $2,420,000 today, and then receive 40 payments of $1,210,...
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