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Business, 19.02.2022 21:30 dolliemeredithm

Suppose a state lottery prize of $4 million is to be paid in 20 payments of $200,000 each at the end of each of the next 20 years. If money is worth 8%, compounded annually, what is the present value of the prize

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Suppose a state lottery prize of $4 million is to be paid in 20 payments of $200,000 each at the end...
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