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A lottery claims its grand prize is $10 million payable over 20 years at $500000 per year If the first payment is made immediately what is this grand prize really worth Use an interest rate of

A lottery claims its grand prize is $10 million, payable over 20 years at $500,000 per year. If the first payment is made immediately, what is this grand prize really worth? Use an interest rate of 6%.

 

 

A lottery claims its grand prize is 10 million payable

 

 

 

Apr 29 2020 View more View Less

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