Lucky Lou has just won the lottery and will receive an annual payment of $100,000 every year

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Lucky Lou has just won the lottery and will receive an annual payment of $100,000 every year for the next 20 years. If the annual interest rate is 8%, what is the present value of the winnings?

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Microeconomics An Intuitive Approach with Calculus

ISBN: 978-0538453257

1st edition

Authors: Thomas Nechyba

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Posted Date: Sep 02, 2022 11:51 PM

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Lucky Lou has just won the lottery and will receive an annual payment of $100,000 every year

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Annual Payment 100000 Number of ... View the full answer

Microeconomics An Intuitive Approach with Calculus

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