# Accounting Math

Please how do i calculate this problem.

Your girlfriend just won the Power Ball lottery. She has the choice of \$10,000,000 today or a 30-year annuity of \$500,000, with the first payment coming today. What rate of return is built into the annuity?

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1. first payment today: \$10,000,000 - \$500,000 = \$9,500,000

-\$9,500,000= PV
\$500,000= PMT
29=N
CPT R= 3.078% or 3.08%

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