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Lucky Larry wins $ 1 , 0 0 0 , 0 0 0 in a state lottery. The standard way in which the state pays
Lucky Larry wins $ in a state lottery. The standard way in which the state pays such lottery winnings is at a constant rate of $ per year for years. Round your answer to the nearest $
If Lucky invests each payment from the state at compounded continuously, what is the accumulated future value of the income stream?
$
What is the accumulated present value of the income stream at compounded continuously? This amount represents what the state has to invest at the start of its lottery payments, assuming the interest rate holds.
$
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