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You just won the lottery! The Kentucky Lottery agrees to pay you $250,000 at the end of each year for the next 20 years. Find
You just won the lottery! The Kentucky Lottery agrees to pay you $250,000 at the end of each year for the next 20 years. Find the future value (rounded) of this lottery if you plan to put each payment in an account earning 7%.
$11.50 million$10.25 million$9.75 millionNone of the aboveStep by Step Solution
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