Suppose.a.state.lottery prize of $7 million is to be paid in 10 payments of $700,000 each at the end of each of the next

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Suppose A State Lottery Prize Of 7 Million Is To Be Paid In 10 Payments Of 700 000 Each At The End Of Each Of The Next 1 (61.93 KiB) Viewed 41 times

Suppose.a.state.lottery prize of $7 million is to be paid in 10 payments of $700,000 each at the end of each of the next 10 years. If money is worth 12%, compounded annually, what is the present value of the prize? (Round your a $ Enter a number. Need Help? Read It Watch It Show My Work (Optional)? Submit Answer D/1 Points] Viewing Seved Work Revert to Last Response DETAILS Need Help? Read It D/1 Points] With a present value of $110,000, what is the size of the withdrawals that can be made Show My Work (Optional) PREVIOUS ANSWERS Viewing Saved Work Revert to Last Response DETAILS Read It HARMATHAP12 6.4.007. PREVIOUS ANSWERS HARMATHAP12 6.4.008. MY NOTES the end of each quarter for the next 10 years if money is worth 6.7%, compounded quarterly? (Round your answer to the nearest cent.) MY NOTES If $82,000 is invested in an annuity that earns 5.8%, compounded quarterly, what payments will it provide at the end of each quarter for the next 3 years? (Round your answer to the nearest cent.) X $ Need Help? ASK YOUR ASK YOUR