Question
Suppose a state lottery prize of $6 million is to be paid in 20 payments of $300,000 each at the end of each of the
Suppose a state lottery prize of $6 million is to be paid in 20 payments of $300,000 each at the end of each of the next 20 years. If money is worth 11%, compounded annually, what is the present value of the prize? (Round your answer to the nearest cent.)
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Evaluating The Effectiveness On Internal Audit Departments
Authors: Dereje Ferede Asrat, Sewale Abate Ayalew
1st Edition
3659298387, 978-3659298387
