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Find the cash value of the lottery jackpots given below. Yearly jackpot payments begin immediately. Assume the lottery can invest at the given interest rates
Find the cash value of the lottery jackpots given below. Yearly jackpot payments begin immediately. Assume the lottery can invest at the given interest rates Jackpot Interest Equal Annua Present Value AountRate $8,000,000| 5% $8,000,000! 10% Payments (in dollars) 20 | 20 | SO $8,000,000| 5%| 25 | $8,000,000| 10% (Round to the nearest dollar as needed.) 25
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