Question
A state lotto has a prize that pays $1,100 each week for 30 years. Find the total value of the prize: $______ If the state
A state lotto has a prize that pays $1,100 each week for 30 years.
Find the total value of the prize: $______
If the state can earn 5% interest on investments, how much money will they need to put into an account now to cover the weekly prize payments?
$______
Reminder: There are 52 weeks in a year.
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The Palgrave Handbook Of Technological Finance
Authors: Raghavendra Rau, Robert Wardrop, Luigi Zingales
1st Edition
3030651169, 978-3030651169
