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The State lottery jackpot is $20 million paid out in equal installments over twenty years. If the winner wishes to take the payment in a
The State lottery jackpot is $20 million paid out in equal installments over twenty years. If the winner wishes to take the payment in a lump sum, what would be the amount if the Lottery Commission were to use a 7% interest rate?
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Essentials Of Managerial Finance
Authors: Scott Besley, Eugene F. Brigham
13th Edition
0324258755, 9780324258752
