Question: Using a BAII PLUS calculator, how would you enter the question, You have won a state lottery prize quoted as 18 million dollar lottery, what
Using a BAII PLUS calculator, how would you enter the question, You have won a state lottery prize quoted as "18 million dollar lottery", what this means is that if you take the monthly payments of $50,000 for 30 years, you will have a total payout of $18 million over the full period. If the appropriate interest (discount) rate is assumed to be 3.66% APR, what would be the estimated cash payout on this lottery today
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