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Often lottery winnings are divided into equal payments given annually for 20-25 years. So the present value of the winni
Posted: Wed Jul 06, 2022 11:54 am
by answerhappygod
- Often Lottery Winnings Are Divided Into Equal Payments Given Annually For 20 25 Years So The Present Value Of The Winni 1 (12.5 KiB) Viewed 10 times
Often lottery winnings are divided into equal payments given annually for 20-25 years. So the present value of the winnings is worth less than the actual jackpot depending on the rate at which money could be invested. Find the present w Jackpot In Equal Amount Rate Payr $6.000.000 20 $6,000,000 12% 20 $6,000,000 7% 25 $6,000,000 12% 25 (Round to the nearest cent as needed) PV On dolar) $