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The winning ticket in the Super Ball Lottery has a prize of 20 consecutive payments of $100,000 per year, beginning in one year. What is
- The winning ticket in the Super Ball Lottery has a prize of 20 consecutive payments of $100,000 per year, beginning in one year. What is the present value of the lottery prize if the interest rate is 4%?
0 1 2 3 4 19 20
? 100,000 100,000 100,000 100,000 100,000 100,000
- $1,246,221
- $1,359,033
- $1,735,143
- $1,862,208
- $2,052,347
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Municipal Finances A Handbook For Local Governments
Authors: Catherine D. Farvacque-Vitkovic, Mihaly Kopanyi
1st Edition
082139830X, 978-0821398302
