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The Florida lottery agrees to pay the winner $283,000 at the end of each year for the next 20 years. What is the future value
The Florida lottery agrees to pay the winner $283,000 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 0.07?
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Fundamentals of Investment Management
Authors: Geoffrey Hirt, Stanley Block
10th edition
0078034620, 978-0078034626
