Question
The State operates a million dollar lottery that pays its winner 20 equal annual payments. The Interest rate to finance this lottery has been 4%.
The State operates a million dollar lottery that pays its winner 20 equal annual payments. The Interest rate to finance this lottery has been 4%. How many $1 tickets needs to be sold for the lottery to break even?
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To determine the number of 1 tickets that need to be sold for the lottery to break even we need to c...
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Data Analysis And Decision Making
Authors: Christian Albright, Wayne Winston, Christopher Zappe
4th Edition
538476125, 978-0538476126
