Rita Gonzales won the $62 million lottery. She is to receive $1.9 million a year for the next 25 yea

Rita Gonzales won the $62 million lottery. She is to receive $1.9 million a year for the next 25 years plus an additional lump sum payment of $14.5 million after 25 years. The discount rate is 13 percent. What is the current value of her winnings? Use Appendix B and Appendix D for an approximate answer, but calculate your final answer using the formula and financial calculator methods.(Do not round intermediate calculations. Round your final answer to 2 decimal places.)

 

Looking for a Similar Assignment? Hire our Top Techical Tutors while you enjoy your free time! All papers are written from scratch and are 100% Original. Try us today! Active Discount Code FREE15