You have just won a two-part lottery! The first part will pay you $50,000 at the end of each of the next 20 years

Finance Dec 22, 2020

You have just won a two-part lottery! The first part will pay you $50,000 at the end of each of the next 20 years. The second part will pay you $1,000 at the end of each month over the same 20 year period. Assuming a discount rate of 7%, what is the present value of your winnings? $658,683 $529,303 $610,462 $567,572 $495.048

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