Question
The Florida lottery agrees to pay the winner $269,000 at the end of year year for the next 20 years. what is the future value
The Florida lottery agrees to pay the winner $269,000 at the end of year year for the next 20 years. what is the future value of this prize if each payment is put in an account earring .08?
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Financial Institutions Management A Risk Management Approach
Authors: Marcia Cornett, Patricia McGraw, Anthony Saunders
8th edition
978-0078034800, 78034809, 978-0071051590
