FIN-250-RS519 Personal Financial Planning 20EWS Jolie Kinyamahanga & 05/12/20 6:59 PM Homework: 2-3 MyFinanceLab: Assignment: Module Two Homework se 4 of 10 (3 complete) HW Score: 25.24%, 12.62 of 50 pts Score: 0 of 5 pts Problem P3-9 (similar to) Question Help You and 11 coworkers just won $6 million ($500,000.00 each) from the state lottery Assuming you each receive your share over 15 years and that the state lottery earns a 8 percent return on its funds, what is the present value of your prize before taxes if you request the 'up-front call option? Not Also assume an ordinary annuity payments made at the end of each period ) Click on the table con to view the annuty table 388 The peesent value of your price before west you request the front cash option is Roude your answer to the nearest dollar) Enter your answer in the answer box and then click Check Answer. All parts showing
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