You just won the publishers clearing house sweepstakes and


You just won the Publisher's Clearing House Sweepstakes and the right to 20 after-tax ordinary annuity cash flows of $163,291.18. Assuming a discount rate of 7.50%, what is the present value of your lottery winnings? Use a calculator to determine your answer.

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Engineering Mathematics: You just won the publishers clearing house sweepstakes and
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