You won a 400 million lottery jackpot structured as a, Financial Management

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You won a 400 million lottery jackpot structured as a

You won a $400 million lottery jackpot, structured as a 25-year annual annuity. The appropriate discount rate is 5%. How much is the alternative lump sum payment option? The correct answer is $225,503,113.06 i just need to see how exactly it is written out in the formula or finance calculator.

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Financial Management: You won a 400 million lottery jackpot structured as a

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