The florida lottery agrees to pay winner 262,000 a year at the end of each year for

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The florida lottery agrees to pay winner 262,000 a year at the end of each year for the next 20 years.

What is the future value of the prize if each payment is put in an account earning 08?

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Mathematical Applications for the Management Life and Social Sciences

ISBN: 978-1305108042

11th edition

Authors: Ronald J. Harshbarger, James J. Reynolds

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Posted Date: Apr 13, 2023 11:53 PM

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The florida lottery agrees to pay winner 262,000 a year at the end of each year for

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FV PMT x 1 rn 1 r where PMT 262000 the annual payment ... View the full answer

Mathematical Applications for the Management Life and Social Sciences

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