Business, 13.08.2020 01:01 eddy3625

Find the cash value of the lottery jackpots given below. Yearly jackpot payments begin immediately. Assume the lottery can invest at the given interest rates. Jackpot Amount Interest Rate Equal Annual Present Value
Presents (in dollars)
$12,000,000 6% 20
$12,000,000 10% 20
$12,000,000 6% 25
$12,000,000 10% 25
Complete the formula for the present value P of an annuity due where R is the payment at the beginning of each period, i is the interest rate per period, and n is the number of periods.
P = R + R (1 - (1 + i) - (n-1)

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Find the cash value of the lottery jackpots given below. Yearly jackpot payments begin immediately....

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