The winner of a state lottery will receive $5,000 per week for the rest of her life.

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The winner of a state lottery will receive $5,000 per week for the rest of her life. If the winner’s interest rate is 6.5% per year compounded weekly, what is the present worth of this jackpot?

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Engineering Economy

ISBN: 978-0133439274

16th edition

Authors: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling

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Question Posted: Dec 03, 2018 12:40 PM

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The winner of a state lottery will receive $5,000 per week for the rest of her life.

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The weekly interest rate eq...View the full answer

Engineering Economy

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