Question
find the cash value of the lottery jackpots give below. Yearly jackpot payments begin immediately. Assume...
find the cash value of the lottery jackpots give below. Yearly jackpot payments begin immediately. Assume the lottery can invest at the given interest rates .
| JackpotAmount | InterestRate | Equal AnnualPayments | Present Value(in dollars) |
| $7,000,000 | 7% | 20 | $ |
| $7,000,000 | 13% | 20 | $ |
| $7,000,000 | 7% | 25 | $ |
| $7,000,000 | 13% | 25 |
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