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Question 11 12.5 pts (CHAPTER 6) Today is your lucky day. You've just won a lot of money! The money will be paid to you
Question 11 12.5 pts (CHAPTER 6) Today is your lucky day. You've just won a lot of money! The money will be paid to you over the next 7 years in the amount of $7,000 at the beginning of each year. If you could instead collect your winnings in one large payment right now, how much would it be? The appropriate discount rate is 3% per year. JUICKPOP. In the problem above I am working with an annuity In the problem above I need to calculate the Future Value In the format $ $,$ $ $, in the problem above my numerical answer is [Select] Select] Select] [Select] [Select] dollars. Increase decimal places for any intermediate calculations, from the default 2 to, for example, 6 or even higher. The more the better! Only round your final answer.
Question 11 12.5 pts (CHAPTER 6) Today is your lucky day. You've just won a lot of money! The money will be paid to you over the next 7 years in the amount of $7,000 at the beginning of each year. If you could instead collect your winnings in one large payment right now, how much would it be? The appropriate discount rate is 3% per year. JUICKPOP. In the problem above I am working with an annuity In the problem above I need to calculate the Future Value In the format $ $,$ $ $, in the problem above my numerical answer is [Select] Select] Select] [Select] [Select] dollars. Increase decimal places for any intermediate calculations, from the default 2 to, for example, 6 or even higher. The more the better! Only round your final answer.
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