Question
The Florida lottery agrees to pay the winner $269,000 at the end of each year for the next 20 years. What is the future value
The Florida lottery agrees to pay the winner $269,000 at the end of each year for the next 20 years. What is the future value for this prize if each payment is put in an account earning 0.08?
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Accounting Volume 2
Authors: James Reeve, Jonathan Duchac, Sheila Elworthy, Carl S. Warren
2nd Canadian edition
176501452, 978-0176501457, 978-0176509743
