Business, 20.09.2020 15:01, xXFLUFFYXx

You won a lottery! To collect your winnings you will be paid annual amounts of $11,300 for each of the next 21 years. The appropriate discount rate is 10 percent per year. Calculate the difference in the present values if you are paid these annual amounts of money at the beginning of each year rather than at the end of each year.

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You won a lottery! To collect your winnings you will be paid annual amounts of $11,300 for each of t...