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Business, 17.02.2020 16:43 tiannahwlit
Suppose a state lottery prize of $8 million is to be paid in 5 payments of $1,600,000 each at the end of each of the next 5 years. If money is worth 12%, compounded annually, what is the present value of the prize? (Round your answer to the nearest cent.)
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Suppose a state lottery prize of $8 million is to be paid in 5 payments of $1,600,000 each at the en...
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