You recently won the lottery for 100000000 and found out


You recently won the lottery for $100,000,000 and found out that they will pay you $5,000,000 per year for 20 years. Assume that the payments will be made to a tax shelter that you had previously set up and that no income taxes will be payable. If the discount rate that is reasonable is 3%, what is the present value of this annuity stream?

Request for Solution File

Ask an Expert for Answer!!
Financial Management: You recently won the lottery for 100000000 and found out
Reference No:- TGS01731155

Expected delivery within 24 Hours