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Bill won the $53 million lottery. He is to receive $2 million a year for the...

Bill won the $53 million lottery. He is to receive $2 million a year for the next 20 years plus an additional lump sum payment of $13 million at the end of the 20 years. Assuming a discount rate of 10%, what is the present value of his

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Answer #1

Present value of $2 million per year = PMT*(1-(1/(1+r^n))}/ $17,027,127.44 $2,000,000*(1-(1/(1.1^20)))/0.10 Present value of

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