Question
The Florida lottery agrees to pay the winner $265,000 at the end of each year for the next 20 years. What is the future value
The Florida lottery agrees to pay the winner $265,000 at the end of each year for the next 20 years. What is the future value of this prize if each payment is put in an account earning 0.10?
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Money Banking And Financial Markets
Authors: Stephen Cecchetti, Kermit Schoenholtz
6th Edition
1260226786, 9781260226782
