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Assuming you won R 1 0 million in the Lotto jackpot, with a promise to make a payment of R 2 million per year for
Assuming you won R million in the Lotto jackpot, with a promise to make a payment of R million per year for the next years with an interest rate of Calculate the amount that will be paid to you, after year and the total amount after the years and indicate whether you have really won R million or not. Show your calculations and define each term.
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