A state lotto has a prize that pays $1,400 each week for 25 years.
Find the total value...
Mathematics, 24.04.2020 18:08 1tallison1
A state lotto has a prize that pays $1,400 each week for 25 years.
Find the total value of the prize: $1,820,000
If the state can earn 7% interest on investments, how much money will they need to put into an account now to cover the weekly prize payments?
I really need help with the process of finding the answer. This question is from my survey of mathematics class.
Answers: 1
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