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Business, 31.05.2020 00:02 whitethunder05

A judge denied a 94-year-old woman s attempt to force a Lottery Commission to pay her $3.9 million winnings up front on the grounds that she otherwise won't live long enough to collect it all. The woman already received an immediate payment of $161,454, and she will receive 22 annual gross checks of $169,934. Suppose that she were able to find a buyer who was willing to buy her lottery ticket which means that the buyer would receive 22 annual gross checks of $169,934. If the woman could invest her money from selling the lottery ticket at 5.1% interest, what would be the fair amount to trade her 22 future lottery receipts

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A judge denied a 94-year-old woman s attempt to force a Lottery Commission to pay her $3.9 million w...
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