A couple from Brantford has won the lottery. They receive payments of $1800 per month for seven
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Question:
- A couple from Brantford has won the lottery. They receive payments of $1800 per month for seven years. The first payment will begin one month from now.
- How much has the lottery invested into an annuity so that they have the money to pay this couple?
- The annuity pays interest 6% a compounded monthly.
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