Business, 25.10.2019 00:43 misrachel03

Amajor lottery advertises that it pays the winner $10 million. however, this prize money is paid at the rate of $ 500,000 each year (with the first payment being immediate) for a total of 20 payments. what is the present value of this prize at 10% annual interest?

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Amajor lottery advertises that it pays the winner $10 million. however, this prize money is paid at...

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