The state​ lottery’s million-dollar

after-tax return
June 28, 2019
Lisa Simpson
June 28, 2019

The state​ lottery’s million-dollar payout provides for ​$1.4 million to be paid in 20 installments of ​$70,000 per payment. The first ​$70, 000 payment is made​ immediately, and the 19 remaining ​$70, 000 payments occur at the end of each of the next 19 years. If 9 percent is the discount​ rate, what is the present value of this stream of cash​ flows? If 18 percent is the discount​ rate, what is the present value of the cash​ flows?

 
Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"

Hi there! Click one of our representatives below and we will get back to you as soon as possible.

Chat with us on WhatsApp