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The XYZ Corporation is offering a $ 1 , 0 0 0 , 0 0 0 lottery to its employees. The winner will receive $
The XYZ Corporation is offering a $ lottery to its employees. The winner will receive $ at the end of each year for the next ten years. How much must XYZ place in an account today to meet this obligation if the account pays per annum?
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The Oxford Handbook Of Quantitative Asset Management
Authors: Bernd Scherer, Kenneth Winston
1st Edition
0199553432, 978-0199553433
