Posted by matthew allen on .
You won a lottery which pays $10,000 per year for 10 years (at the end of each year). Assuming a discount rate of 8% calculate the present value of your expected winnings

accounting 
Reiny,
PV = paym( 1  (1+i)^n)/i
= 10000(1  1.08^10)/.08
= $ 57,466.39