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ou just won the $62.5 million Ultimate Lotto jackpot. Your winnings will be paid as $2,500,000...

ou just won the $62.5 million Ultimate Lotto jackpot. Your winnings will be paid as $2,500,000 per year for the next 25 years. If the appropriate interest rate is 5.8 percent, what is the value of your windfall?

  • $34,464,197.27

  • $31,964,197.27

  • $32,574,855.64

  • $33,660,684.16

  • $30,946,112.86

Solutions

Expert Solution

ANSWER : $32,574,855.64

jeff jeffy answered 5 months ago
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