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Business, 17.02.2020 19:26 yoyo1542

You have won the lottery. You will receive $2,540,000 today, and then receive 40 payments of $1,270,000 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 8 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?

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You have won the lottery. You will receive $2,540,000 today, and then receive 40 payments of $1,270,...
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