Whispering Winds won a lottery that will pay him $4500000 after 17 years

Accounting Nov 02, 2020

Whispering Winds won a lottery that will pay him $4500000 after 17 years. Assuming an appropriate interest rate is 4% compounded annually, what is the present value of this amount?

$54745515.

$8765550.

$2310165.

$3060000.

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