Congratulations! You just won the Oz Lotto prize.The amount awarded is paid in 20 equal annual instalments,

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Congratulations! You just won the Oz Lotto prize.The amount awarded is paid in 20 equal annual instalments, at the beginning of each year. You can invest your money at 6.6%, compounded annually. You have calculated that the lottery is worth $20,975,400 today. How much was the amount awarded?Using Formula

Posted Date: May 19, 2024 09:11 AM

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Congratulations! You just won the Oz Lotto prize.The amount awarded is paid in 20 equal annual instalments,

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