Mathematics, 01.10.2019 05:10, niki1524

Assume that you just hit the $12 million jackpot in a lottery, which promises you a payment of $4 million for the next three years. since we've established that the jackpot will not be worth $12 million in today's dollars, how much is it worth if the interest rate is 8 percent

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Assume that you just hit the $12 million jackpot in a lottery, which promises you a payment of $4 mi...