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"A woman wins the lottery worth $1.73 million. The woman receives an immediate check for $257,000,...

"A woman wins the lottery worth $1.73 million. The woman receives an immediate check for $257,000, and she plans to receive 17 annual checks of $86,647, with the first check coming exactly one year from now. A buyer offers to purchase the 17 remaining checks of $86,647. If the woman can deposit the money from that sale (which she would receive immediately) in an account that earns 6% interest, what would be the least amount of money she should accept to sell the forthcoming 17 checks?"

I solved this on my own and got an answer of $547,019.75, but the correct answer is $907,823.

Any step by step help to find the correct solution above would be much appreciated. Thanks.

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Answer #1

와 ça e.. sen. Le . chun lan atleast-She should

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