A state lotto has a prize that pays $1,200 each week for 35 years. Find the...
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A state lotto has a prize that pays $1,200 each week for 35 years. Find the total value of the prize: $[ If the state can earn 5% interest on investments, how much money will they need to put into an account now to cover the weekly prize payments? Reminder: There are 52 weeks in a year. A state lotto has a prize that pays $1,200 each week for 35 years. Find the total value of the prize: $[ If the state can earn 5% interest on investments, how much money will they need to put into an account now to cover the weekly prize payments? Reminder: There are 52 weeks in a year.
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Related Book For
Personal Finance Turning Money into Wealth
ISBN: 978-0134730363
8th edition
Authors: Arthur J. Keown
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