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This is economic and finance. Could you write that I can see(no cursive if u want hand-writing. Problem 2-29 Annuities due The $49 million lottery
This is economic and finance. Could you write that I can see(no cursive if u want hand-writing.
Problem 2-29 Annuities due The $49 million lottery prize that you have just won actually pays out $6.5 million a year for 20 years. The interest rate is 8.0%. a. If the first payment comes after 1 year, what is the present value of your winnings? (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.) Present value million b. What is the present value if the first payment comes immediately? (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.) Present value millionStep by Step Solution
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