The lottery; 30 annual payments over 29 years Prize of: $372,011,000 If interest rate is 8.1% how

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The lottery;

30 annual payments over 29 years

Prize of: $372,011,000

If interest rate is 8.1% how large is used to determine a lump sum prize how large is the cash value option for the winners?

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Feb 16, 2024 10:55 PM

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The lottery; 30 annual payments over 29 years Prize of: $372,011,000 If interest rate is 8.1% how

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To determine the cash value option for the winners of the lottery we need to calculate the present v... View the full answer

Income Tax Fundamentals 2013

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