Solved: Or you can take a lump sum payment today if the lottery, Basic Computer Science

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Or you can take a lump sum payment today if the lottery

Congratulations, you've just won the lottery! Your prize, in the amount of $8,428,281, will be awarded when you are 96 years old, which is 71 years from now. Or, you can take a lump sum payment today. If the lottery commission uses a discount rate of 11.17% APR, how much would you expect to receive today?

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Basic Computer Science: Or you can take a lump sum payment today if the lottery

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