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A couple from Brantford has won the lottery. They receive payments of $1800 per month for seven years. The first payment will begin one month
- A couple from Brantford has won the lottery. They receive payments of $1800 per month for seven years. The first payment will begin one month from now.
- How much has the lottery invested into an annuity so that they have the money to pay this couple?
- The annuity pays interest 6% a compounded monthly.
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Advanced Accounting
Authors: Gail Fayerman
1st Canadian Edition
9781118774113, 1118774116, 111803791X, 978-1118037911
