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How much must you put into the annuity today to make

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You have just won the lottery and took a lump sum payout. After talking with a financial adviser you will make an lump sum deposit into an annuity that pays 3.3%, compounded semi-annual. If you will defer payments for 34 years and then receive payments at the end of every six months in the amount of $15,000.00 for 15 years. How much must you put into the annuity today to make this happen?

You must deposit how much from your lottery winnings.

Reference no: EM132185336

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