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Flint Lou has just won the lottery and will receive an annual payment of $120,000 every year for the next 20 years. If the annual
Flint Lou has just won the lottery and will receive an annual payment of $120,000 every year for the next 20 years. If the annual interest rate is 8%, what is the present value of the winnings? (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Click here to view the factor table. Present value $ Step by Step Solution
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Accounting And Finance For Non Specialists
Authors: Eddie McLaney
9th Edition
1292062711, 9781292062716
