Pesent Valle of Ordinary Anmuity of 1 per Period 249 26 9523

Pesent Valle of Ordinary Anmuity of $1 per Period 249 26 9523 833172 510 451821572722 14 7320 242321 69520700 1545 42123425262 013 15 5612 809 9.36776 9.26822 282 4511211442 3630012587 1204151535201101 24 52469144954 3795413.15120 12 550699 11433 514661144 b43 19 1386250 110017 \'239237 11.82578 3295915.4130 443 1301321053257500 1167 0160211532s 4112017 11201523703 4364 3536611283 82559693152 15614724 38007 up

Solution

Present value of winnings=$260,000*Present value of annuity factor(6%,10 years)

=$260,000*7.36009

which is equal to

=$1,913,623(approx).