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Prasent Value of an Annuity December 31 of the current year. If the current interest rate is 6%, determine the present value of your winnings.
Prasent Value of an Annuity December 31 of the current year. If the current interest rate is 6%, determine the present value of your winnings. Use Table 3 . Round to the nearest whole dillar lottery. The $60,000,000 prize will be paid in equal installments of $6,000,000 over 10 years. The payments will be made on December 31 of each year, beginning on interest rate is 6%, determine the present value of your winnings. Use Table 3 . Round to the nearest whole dollar
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