Fill This Form To Receive Instant Help
Homework answers / question archive / A person recently won a state lottery
A person recently won a state lottery. The terms of the lottery are that the winner will receive annual payments of $20100 at the end of this year and each of the following 3 years. If the winner could invest money today at the rate of 8 percent per year compounded annually, what is the present value of the four payments?
Already member? Sign In