What is the present value of her winnings

Reference no: EM13268107

Carol Jenkins, a lottery winner, will receive the following payments over the next seven years. If she can invest her cash flows in a fund that will earn 10.3 percent annually, what is the present value of her winnings? (Round answer to 2 decimal places, e.g. 15.25.)

1. $253,785

2. $525,465

3. $508,707

4. $310,840

5. $549,558

6. $335,918

7. $382,876

Reference no: EM13268107

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