You and 11 coworkers just won $1616 million ($1 comma 333 comma 333.331,333,333.33 each) from the state lottery. Assuming you each receive your share over 1717 years and that the state lottery earns a 66 percent return on its funds, what is the present value of your prize before taxes if you request the 'up-front cash' option? Question content area bottom Part 1 Click on the table icon to view the annuity table LOADING... . The present value of your prize before taxes if you request the 'up-front cash' option is $enter your response here. (Round your answer to the nearest dollar.)

You and 11 coworkers just won $1616 million ($1 comma 333 comma 333.331,333,333.33 each) from the state lottery. Assuming you each receive your share over 1717 years and that the state lottery earns a 66 percent return on its funds, what is the present value of your prize before taxes if you request the 'up-front cash' option? Question content area bottom Part 1 Click on the table icon to view the annuity table LOADING... . The present value of your prize before taxes if you request the 'up-front cash' option is $enter your response here. (Round your answer to the nearest dollar.)

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter1: Accounting As A Form Of Communication

Section: Chapter Questions

Problem 1.1P

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Question content area bottom

Part 1

Click on the table icon to view the annuity table

The present value of your prize before taxes if you request the 'up-front cash' option is

$enter your response here.

(Round your answer to the nearest dollar.)

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