Question: Often lottery winnings are divided into equal payments given annually for 20-25 years So the present value of the winnings is worth less than

Often lottery winnings are divided into equal payments given annually for 20-25

Often lottery winnings are divided into equal payments given annually for 20-25 years So the present value of the winnings is worth less than the actual jackpet, depending on the rate at which money could be invested Find the present value in dollars using the given conditions Complete the table for each amount, interest rate, and number of payments. Jackpot Amount $9,000,000 $9,000,000 $9,000,000 50.000 000 Interest Rate Equal Annual Payments Present Value (in dollars) 0% 12% 0% 12% 20 201 25 20 0000 (Round to the nearest doar as needed.) CHED

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