Question
On January 1 you win $6,480,000 in the state lottery. The $6,480,000 prize will be paid in equal installments of $540,000 over 12 years. The
On January 1 you win $6,480,000 in the state lottery. The $6,480,000 prize will be paid in equal installments of $540,000 over 12 years. The payments will be made on December 31 of each year, beginning on December 31. If the current interest rate is 6%, determine the present value of your winnings. Use the present value tables in Exhibit 7. Round to the nearest whole dollar.
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Transportation Division Department Of Commerce Report On Preliminary Performance Audit Survey
Authors: Montana. Legislature. Office Of The Legi
1st Edition
1245445294, 978-1245445290
