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so a lottery provides the following awards. use this info for the problem: Award 1: 100$ today Award 2: 150$ to be received at end
so a lottery provides the following awards. use this info for the problem: Award 1: 100$ today Award 2: 150$ to be received at end of yr 5 Award 3: 200$ to be received at end of year 10
I'm having problems figuring out what formula /s to follow to find this problem:
At interest rate of 2%, which is the value of award 3 at the end of year 3.
what formula is used to answer this with a financial calculator as well....
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