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Lucky Larry wins $9,000,000 in a state lottery. The standard way in which the state pays such lottery winnings is at a constant rate of
Lucky Larry wins $9,000,000 in a state lottery. The standard way in which the state pays such lottery winnings is at a constant rate of $360,000 per year for 25 years. Round your answer to the nearest $10. If Lucky invests each payment from the state at 7% compounded continuously, what is the accumulated future value of the income stream? $l l What is the accumulated present value of the income stream at 7%, compounded continuously? [This amount represents what the state could pay as a "lump sum" payment) $l l
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