You have won a state lottery prize quoted as " $18 million dollar lottery", what...
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You have won a state lottery prize quoted as $ million dollar lottery", what this really means is that if you take the monthly payments of $ for years, you will have a total payout of $ million. If the appropriate interest discount rate is assumed to be APR, what would be the cash payout on this lottery today? 
You have won a state lottery prize quoted as $ million dollar lottery", what this really means is that if you take the monthly payments of $ for years, you will have a total payout of $ million. If the appropriate interest discount rate is assumed to be APR, what would be the cash payout on this lottery today?
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