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Statement showing Computations | |
Particulars | Amount |
Amount of lottery | 1,166,666.67 |
Amount received per year =1,166,666.67/17 | 68,627.45 |
PVF for 17 Years | 8.5436 |
PV of prize before taxes = 68,627.45*8.54363 | 586,328 |
Time | PVF at 9% |
1.00 | 0.91743 |
2.00 | 0.84168 |
3.00 | 0.77218 |
4.00 | 0.70843 |
5.00 | 0.64993 |
6.00 | 0.59627 |
7.00 | 0.54703 |
8.00 | 0.50187 |
9.00 | 0.46043 |
10.00 | 0.42241 |
11.00 | 0.38753 |
12.00 | 0.35553 |
13.00 | 0.32618 |
14.00 | 0.29925 |
15.00 | 0.27454 |
16.00 | 0.25187 |
17.00 | 0.23107 |
PVF for 17 Years | 8.54363 |
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