Question content area top Part 1 The winner of a "million dollar" lottery is to receive $30 comma 000 plus $30 comma 000 at the end of each year for 29 years or the present value of this annuity in cash. How much cash would she receive if money is worth 9% compounded annually? Question content area bottom Part 1 She would receive $ 335,948.49. (Round to the nearest cent as needed.)
Added by Eric H.
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09) n = Number of periods (29 years) PV = $30,000 * [(1 - (1 + 0.09)^-29) / 0.09] Show more…
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