Rita gonzales won the 80 million lottery the discount rate, Financial Management

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Rita gonzales won the 80 million lottery the discount rate

Rita Gonzales won the $80 million lottery. She is to receive $2.4 million a year for the next 30 years plus an additional lump sum payment of $8 million after 30 years. The discount rate is 12 percent.What is the current value of her winnings?

Present Value -

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Financial Management: Rita gonzales won the 80 million lottery the discount rate

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