Business, 03.12.2019 17:31, hannahkharel2

A$1,000,000 lottery prize pays $50,000 per year for the next 20 years. if the current rate of return is 4.25%, what is the present value of this prize? (assume the lottery pays out as an ordinary annuity. round your answer to the nearest cent.)

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A$1,000,000 lottery prize pays $50,000 per year for the next 20 years. if the current rate of return...