What is the current value of winnings

Reference no: EM131787951

Question: Rita Gonzales won the $60 million lottery. She is to receive $1 million a year for the next 50 years plus an additional lump sum payment of $10 million after 50 years. The discount rate is 10 percent. What is the current value of her winnings? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131787951

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