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On January 1, you win $60,000,000 in the state lottery. The $60,000,000 prize will be pald in equal Installments of s6,000,000 over 10 years. The
On January 1, you win $60,000,000 in the state lottery. The $60,000,000 prize will be pald in equal Installments of s6,000,000 over 10 years. The payments wil be made on December 31 of eadh yex beginning on December 31 of the current year. If the arrent interest rate is 6%, determin. the present value of your winnings. Use Table 3. Round to th. ??rest shole dollar. is worth more than the same anount of cash to be received in the
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