$n=26$

$2.$ Explain why there is a difference between the present value of the Strayer lottery jackpot and the future value of the twenty$-$six annual pay

$I=9\%$

In this case the present value was higher than the winner of the jackpot would receive if annual installments were selected as an option. As it relates to this situation, mont

$x=11,000,00$

Help me find the Present value and the Effective Annual Rate.

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