Mathematics, 18.02.2021 07:00, kataldaine

The winner of a "million dollar" lottery is to receive $40,000 plus $40,000 at the end of each year for 39 years or the present value of this annuity in cash. How much cash would she receive if money is worth 8% compounded annually?

The winner of a million dollar lottery is to receive $40,000 plus $40,000 at the end of each y

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The winner of a "million dollar" lottery is to receive $40,000 plus $40,000 at the end of each ye...