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Social Studies, 30.05.2020 23:59 rainbowboi

A lottery claims its grand prize is $10 million, payable over 20 years at $500,000 per year. If the first payment is made immediately, what is this grand prize really worth? Use an interest rate of 6%.

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A lottery claims its grand prize is $10 million, payable over 20 years at $500,000 per year. If the...
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