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Business, 25.11.2020 01:00 leyslebravo7117

Barb Muller wins the lottery. She wins $20,000 per year to be paid for 10 years. The state offers her the choice of a cash settlement now instead of the annual payments for 10 years. If the interest rate is 6%, what is the amount the state will offer for a settlement today?

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Barb Muller wins the lottery. She wins $20,000 per year to be paid for 10 years. The state offers he...
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