Kirk faust just won the state lottery which promises to pay, Financial Management

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Kirk faust just won the state lottery which promises to pay

Kirk Faust just won the state lottery which promises to pay him $1,500 per year for 20 years, starting from today, and $1,850 per year for years 21-45, given a 6.75% discount rate. Your company wants to purchase the proceeds from the lottery from Kirk. What is the most that your company can offer? a. $23,673.45 b. $22,176.53 c. $24,876.43 d. $18,484.98

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Financial Management: Kirk faust just won the state lottery which promises to pay

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