Myrna loy has just won a lottery the payout is 72641 a year, Financial Management

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Myrna loy has just won a lottery the payout is 72641 a year

Myrna Loy has just won a lottery. The payout is $72641 a year for 20 years. Myrna will receive the first payment in one year. If the appropriate discount rate is 10% per year with annual compounding, what is the present value of Myrna’s winnings?

Do not round at intermediate steps in your calculation. Round your answer to the nearest dollar. Enter your answer without the $ symbol.

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Financial Management: Myrna loy has just won a lottery the payout is 72641 a year

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Financial Management: Myrna loy has just won a lottery the payout is 72641 a year

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