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You just won the $ 4 1 million lottery. You will receive $ 2 . 1 million a year for the next 1 5 years
You just won the $ million lottery. You will receive $ million a year for the next years plus an additional payment of $ million at the end of years. The interest rate is percent.
how much is your lottery prize worth today? Enter your answer as a positive number rounded to decimal places.
Problem Future value LO
At an interest rate of percent annually, how long will it take for a $ to double? To triple? Round your answers to decimal places.
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