Assume the lottery can invest at the given interest rates

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Reference no: EM131352310

Find the cash value of the lottery jackpots given below. Yearly jackpot payments begin immediately. Assume the lottery can invest at the given interest rates.

Jackpot -Interest Rate-Annual equal Pmt

$8,000,000 - 8% - 20yrs

$8,000,000,- 13% - 20yrs

$8,000,000 - 8% - 25yrs

$8,000,000 - 13% - 25yrs

Please provide PV in dollars.

Reference no: EM131352310

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