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HARMATHAP12 6.4.005.
My Notes
Suppose a stat...
Mathematics, 11.03.2020 09:33 tessalopezgarcia2345
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HARMATHAP12 6.4.005.
My Notes
Suppose a state lottery prize of $2 million is to be paid in 20 payments of $100,000 each at the end of each of the next 20 years. If money is worth
11%, compounded annually, what is the present value of the prize? (Round your answer to the nearest cent.)
$ 16124623.07 X
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