Your family recently won the $10,000,000 lottery and chose to accept the annual payout plan of $500,000 today plus 19 more year-end cash flows of $500,000.If you discount these cash flows at an annual rate of 8.0%,what is their present value?

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The Answer of Your family recently won the $10,000,000 lottery and chose to accept the annual payout plan of $500,000 today plus 19 more year-end cash flows of $500,000.If you discount these cash flows at an annual rate of 8.0%,what is their present value?

Your Family Recently Won the $10,000,000 Lottery and Chose to Accept